Single touch payroll phase 2 in 2023
Home | Articles | Single touch payroll phase 2 in 2023What is single touch payroll? Single Touch Payroll (STP) is a streamlined payroll reporting system in Australia that requires employers to report various aspects of their payroll, including salaries, wages, and...
How Section 100A changes affect trust distributions to adult children and grandparents
Home | Articles | How Section 100A changes affect trust distributions to adult children and grandparentsSection 100A Section 100A is an anti-avoidance rule in Australian tax law. It can apply when a beneficiary’s trust entitlement arises from a reimbursement...
How S.100 changes affect controllers of a discretionary trust
Home | Articles | How S.100 changes affect controllers of a discretionary trustWhat is Section 100A? Section 100A (S.100A) functions as an anti-avoidance measure embedded in the framework of the Income Tax Assessment Act 1936. Its purpose is to address situations...
Understanding Unit Trusts: benefits, drawbacks, and operational insights
Understanding Unit Trusts: benefits, drawbacks, and operational insights
Understanding the Family Tax Benefit (FTB): Eligibility, amounts, and supplemental support
Home | Articles | Understanding the Family Tax Benefit (FTB): Eligibility, amounts, and supplemental supportThe Family Tax Benefit is a two-part government payment that assists families with the costs associated with raising children. The first tax benefit, Part A, is...
Navigating the Super Guarantee Charge: A Comprehensive Guide for Employers
Home | Articles | Navigating the Super Guarantee Charge: A Comprehensive Guide for EmployersUnderstanding and fulfilling your obligations related to the employee's super guarantee is vital as an employer. To avoid any extra fees, such as the administration fee or...
Recent ATO guidelines: Section 100A and Family Trust Distributions
Home | Articles | Recent ATO Guidelines: Section 100A and Family Trust DistributionsWhat is Section 100A (S.100A)?Section 100A, also known as S.100A, of the Income Tax Assessment Act 1936 is an anti-avoidance rule in Australian tax law. This pertains to a...
What is a Superannuation Standard Choice Form?
Home | Articles | What is a Superannuation Standard Choice Form?Super Choice, short for Superannuation Standard Choice Form, is used to let employers know their employee's selected superannuation fund. Superannuation funds, often referred to as super funds, are a type...
Super Due Dates
Home | Articles | Super Due DatesAs an employer, you have specific responsibilities to fulfill regarding superannuation contributions for eligible employees, who are essentially those classified as employees under superannuation regulations. One such responsibility is...