Latest News | Hughes O’Dea Corredig

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...

Affordable housing measures passed while market continues to cool

The sustained cooling of house price growth has seen first-home buyers flocking back to the market. Prices are no longer rising thanks to a number of factors including improved supply, and clampdowns on investor lending. A significant outcome of overheated property prices has been that a crucial toe-hold in the property market has been elusive...

Jan / Feb 2018 – Practice Update

Further ‘affordable housing’ measures passed Parliament has passed the legislation allowing first home buyers to save for a deposit inside superannuation through the First Home Super Saver Scheme (FHSSS), and also allowing older Australians to ‘downsize’ and then contribute the proceeds of the sale of their family home into superannuation. From 1 July 2018, a...