Category Archives: Accounting Information

Good news on Single Touch Payroll for “micro” employers

The ATO has recently confirmed that micro employers (i.e. those with less than 5 employees) will not need to purchase payroll software to enable them to comply with the Single Touch Payroll reporting obligations, which are due to commence on … Continue reading

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ACNC Annual Information Statement lodgement extension

The ACNC today announced an extension to the due date for lodgement of 2018 Annual Information Statements, due to the delay in the release of the AIS. All charities that have a due date between 31 December 2018 and 28 … Continue reading

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Casual employee granted leave entitlements

The recent judgement by the full Federal Court in the case of WorkPac Pty Limited V Skene has opened the way for staff employed on a casual basis to potentially access leave and other entitlements, which are normally the domain … Continue reading

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ACNC Legislation Review Report released

In June this year, the Panel charged with reviewing the ACNC Act presented its report to the Government.  After much anticipation, this report has now been tabled in Parliament.  It makes thirty recommendations, including the following: Basing financial reporting thresholds … Continue reading

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New Standards released for Charities operating overseas

When the ACNC was introduced, the legislation provided for the introduction of External Conduct Standards applicable to charities with overseas interests. Now, nearly six years on, Treasury has released the detail on these standards. The standards are intended to provide … Continue reading

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Fringe benefits provided to religious practitioners

The ATO has issued a draft tax ruling TR 2018/D2 expressing the Commissioner’s preliminary view of exempt fringe benefits provided to religious practitioners.  It replaces TR 92/17 immediately, but may be revised when the ruling is finalised. The law it … Continue reading

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New Guidelines for employers providing utes, work vans, etc.

For a long time there has been a misconception that work vehicles such as utes and panel vans have a blanket FBT exemption, and the ATO has got this in its sights. About a year ago, the ATO issued a … Continue reading

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ATO to target individual tax claims this tax season

With an additional $130.8m government funding injection, the ATO has signalled that this tax season it will target work related expense claims by individuals. Having recently conducted a pilot program where over 850 individual tax returns were audited, the ATO … Continue reading

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Super Guarantee Charge Amnesty Announced

The federal government’s recently announced 12 month Amnesty on underpaid super is welcomed news for employers, providing a one-off opportunity to self-correct past super guarantee (SG) non-compliance without penalty. If the legislation is passed as announced, the Amnesty will be … Continue reading

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Victorian Long Service Leave changes soon to begin

In May this year, the Long Service Leave Act 2018 (Vic) received Royal Assent, signalling some significant changes to the Long Service Leave entitlements of Victorian employees, and impacting all Victorian employers The changes, which will take effect from 1st … Continue reading

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