March 2020 - Practice Update

Employer’s requirements and the deductibility of WREs Some employees may wonder whether a work-related expense (or ‘WRE’) becomes deductible merely because their employer specifically requires the employee to incur the expense. Importantly, the ATO’s recent draft ruling on the deductibility of work-related expenses reiterates that an employer’s requirements do not determine the question of deductibility....

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SINGLE TOUCH PAYROLL (STP) CHANGES FROM 1st JULY 2018

ARE YOU EMPLOYING 20 OR MORE EMPLOYEES? MAJOR CHANGES TO YOUR REPORTING STARTING FROM 1 JULY 2018   Single Touch Payroll (STP) is a reporting regime whereby your payroll software reports directly to the Australian Taxation Office. Each pay period, the details of each employees gross payments, tax and superannuation will be provided electronically to the...

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