Did you know that the van or ute or dual cab you provide to employees (or yourself as owner/ director of the business) may be subject to Fringe Benefits Tax (FBT)?
Data breach notification has become mandatory from 22 February 2018 for all entities required to comply with the Australian Privacy Act 1988. Amendments have been made to the legislation that will be known as the Notifiable Data Breaches Scheme (NBD).
Do you need to report through single touch payroll (‘STP’) this coming 1 July 2018? All employers must conduct a headcount at 1 April 2018 to determine whether they have 20 or more employees. If you do, you are referred to as a ‘substantial employer’ and will need to be STP compliant and ready to […]
When claiming for business/work-related car expenses, many miss out on maximising their deduction due to inadequate record keeping. Also, failing to maintain a valid car log book can cost taxpayers dearly in the event of a tax office audit.
A regular question for most business owners is “how long do I have to keep staff records?” The answer is – it depends… however, the records should be in plain English, easy to read and not altered in any way.