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Businesses

IMPORTANT UPDATE – Single Touch Payroll (STP)

As of Sunday last week (1st of April, 2018), all businesses were required to count the number of current employees on their payroll. This is in preparation for the introduction of Single Touch Payroll (STP) updates by the 1st of July 2018. If you missed this deadline and haven’t counted your employees yet, you can base…

PRIVACY POLICY IMPORTANT UPDATES – Are you protected?

Knox Taxation & Business Advisory, in Boronia, wishes to advise you that, as of the 22nd of February, 2018, any Australian businesses that fall (or have fallen) victim to a data breach causing a risk of serious harm to individuals, or has received a high level of media attention, must notify the Office of the…

Fair Work Commission Penalty Rates Update

There’s been a lot of publicity about changes to the Hospitality and Retail Industry Penalty Rates, attributed to decisions made by the Fair Work Commission in late February, 2017. We, at Knox Taxation & Business Advisory, are pleased to bring you the latest information from our HR Specialist, Sheena. Fair Work Commission Penalty Rates Decision…

Backpacker Tax 15% ATO Deadline – 31st January

Contact us at Knox Taxation & Business Advisory on 9762 7344 … If you feel this might apply to you, but you haven’t done anything about it yet! The ATO has put the word out to all current Backpacker Employers (or employers of working holiday makers) that the new tax rate of 15% became effective…

Take It Or Annual Leave It at Knox Taxation and Business Advisory in Boronia

Time Out! Holidays, Public Holidays, Annual Leave & Annual Leave Cash-Out Policies. (And we’re not talking sticking your card in the ATM) Is your business pre-prepared? At Knox Taxation and Business Advisory in Boronia, we’re always striving to keep you in the loop and up-to-date with all things – and not just about your tax! This…

Winter Weather Workers

Cold Weather Work It doesn’t take a genius to work out that it’s been a tad chilly of late, and our warm and wondrous HR Consultant, Sheena Kane, has some timely advice to share about how to negotiate the temperature with your employees. READ ON: Much is written in Australia about working in the heat,…

e-Tax CAUTION 2016 – Talk to us first

e-Tax is not so pure and simple! Don’t push that button yet! Talk to us at Knox Taxation and Business Advisory. WHY? Because we care about you! We know how important it is for you to maximise your Tax Return every year. With e-Tax you may be missing out on things you can claim. We’ve received many…

EOFY & Your Tax Return

EOFY & Your ‘Knox Tax’ Return – Are you ready? At Knox Taxation and Business Advisory, in Boronia, we’ve got all the answers in our attached Winter Newsletter. From us you’ll get all the help you need to prepare for your 2015/2016 Tax Return and of End of Financial Year Accounting. Click on the link below for…

Hired a “contractor” who is really an employee? There are consequences.

Written on Wednesday, 21 October 2015 by Steve Burnham. From the website Taxpayers Australia. If your business is looking to put on more staff, first of all: congratulations. But secondly, a warning. The engagement status of workers is an important distinction – whether they are employees or independent contractors – and has consequences that can get…

EOFY Checklist

Get help with your End of Financial Year tax and accounting procedures and issues by tapping in to Joe Kaleb’s EOFY Checklist, published recently by Australianbiz Pty. Ltd.. You’ll find some great tips on “Planning for the 2014/2015 year” too. The website www.australiabiz.com.au also lists the new ATO Compliance aspects to consider, and you may also gain…