Legislation has been passed to extend Single
Touch Payroll (STP) to include employers with 19 or less
employees from 1 July 2019
You
will be required to report payments such as salaries and wages, pay as you go (PAYG)
withholding and superannuation contributions from your payroll software
each time you pay your employees.
Your payroll or reporting system must be STP compliant so that each pay cycle can be report to the ATO.
If you own a Commercial Investment property and are currently not claiming depreciation deductions (or you are claiming a minimal amount) on your property there can be taxation savings by engaging a quantity surveyor to prepare a depreciation report.
It is important to note that Commercial properties were not affected by the 9 May 2017 Budget depreciation limitations.
To read more about the budget changes please follow the link below:
Don't
forget to lodge your Business Activity Statement (BAS) for the quarter
ended 31 December 2018 by 28 February 2019. Please feel free to contact MY Books & Payroll on 5427 8118 or Langley McKimmie on 5427 8100 if you would like our assistance.
“My Books & Payroll” experienced bookkeepers, Cate, Emma and Ebony offer a
comprehensive bookkeeping service or tailored account services.
Don't
forget to lodge your January Activity Statement (IAS) by 21 February 2019. Please feel free to contact MY Books & Payroll on 5427 8118 or Langley McKimmie on 5427 8100 if you would like our assistance.
“My Books & Payroll” experienced bookkeepers, Cate, Emma and Ebony offer a
comprehensive bookkeeping service or tailored account services.
BNI Ranges Referral is a group of like-minded local business owners who meet each Wednesday at 9.00am at Baringo Food & Wine Co. Langley McKimmie Chartered Accountants is a member of this group.
This week it was our turn to provide the feature presentation during the meeting about the services we can provide.
