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2022/23 Federal Budget & What It Means For You!
This week, the Australian Government have released the 2022/23 Federal Budget. Today, we would like to break it down for you so you can get a better understanding of what it means for you & your business. Increase to low and middle income tax offset (LMITO) Announced is a once-off $420 cost of living tax…
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Single Touch Payroll Phase 2 employer reporting
Single Touch Payroll (STP) phase 2 is now the way an employer reports their employees superannuation and tax information to the ATO when you run your payroll. The information that will be submitted to the ATO includes gross pay, paid leave, allowances, PAYG withholding & super liability information. You’ll no longer have to send the…
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