The Australian tax office has admitted it will waive penalties for hundreds of businesses that have admitted failures to pay superannuation to their staff in the wake of a ‘botched’ amnesty.
STP is a change in the way employers will report their PAYG and super contribution information to the ATO. Using STP compliant payroll software, employers will now be required to report PAYG and super after each payroll.
The ATO, along with their partner agencies, interrogate various information sources and use sophisticated analytics, to identify people who deliberately break the law.
Over the coming month, representatives from the Australian Taxation Office are visiting hundreds of businesses in targeted areas, one area being Cranbourne, Victoria.
A boat was docked in a tiny Mexican fishing village. A tourist complimented the local fishermen on the quality of their fish and... asked how long it took to catch them. "Not very long" they answered in unison.
The year ahead looks to be a period of mixed news with unemployment low, continued low interest rates and the government closing in on a budget surplus.
Avi Gopala is a professional that’s passionate about positive outcomes & helping businesses thrive. A Certified Accountant with over 10 years’ experience, Avi commenced his career at Highview in 2015.
If you live in one of Australia’s capital cities, you’ll be familiar with the term off the plan it’s essentially signing a contract to purchase a property that’s yet to be built.
While it is often uncomfortable to think about our mortality, thinking about how we would like our wealth transferred to our loved ones after we die is something that deserves a little thought.
