Home | Articles | SME Business Guide to STP FinalisationIf you're a small business owner in Australia, you're likely familiar with Single Touch Payroll (STP), the government initiative requiring employers to report payroll information to the Australian Taxation Office...
Your Guide to Taxable Payments Annual Report (TPAR)
Staying up-to-date with tax compliance is necessary when running a business. Failure to comply with reporting obligations can lead to penalties, becoming a financial burden. Understand the general rules in tax compliance and the specific requirements imposed on the industry of your business.
What is PAYG: A Must-Know
PAYG means “Pay As You Go,” which the Australian Taxation Office uses to collect payments from taxpayers. It is beneficial since paying tax ‘as you go’ over the year entails not settling the lump sum amount at one go but spread out in instalments, making it easy to meet tax obligations.