From 1 April 2020 the commissioner of taxation will be able to hold directors personally liable for their company’s GST liabilities, Luxury car tax and wine equalisation tax. The Director Penalty Notice (DPN) for a company’s unpaid Pay as You Go withholding (PAYG) and superannuation guarantee liabilities are already law. It is important for all […]
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The ATO will retire AUSkey access to the Business Portal on 27 March 2020. AUSkey access with be replaced with myGovID and Relationship Authorisation Manager (RAM). Click here for more information on how to set your myGovID. If you need assistance setting up your myGovID please contact our office.
The Directors and Staff at Stubbs Wallace would like to wish you and your family a safe and happy Christmas and a prosperous New Year. Thank you for your support and loyalty over the past 12 months and we look forward to your continued support in 2020. Our office will be closed from 11:00am Friday 20 December 2019 and […]
On Friday 13th September 2019 we celebrated Paul Kealey’s 30 Years Service to Stubbs Wallace. Paul joined Stubbs Wallace in 1989 at the age of 21. He has progressed in the Business over his 30 Years and is now a Senior Accountant. We congratulate Paul on a fantastic achievement and thank him for his dedicated […]
The Fuel Tax Credit rates have increase from 5 August 2019. Visit the ATO Website for information, or for further assistance relating to these changes, please contact our office.
Single Touch Payroll is a government initiative to streamline business reporting obligations. Employers will need to report payments such as salaries and wages, pay as you go (PAYG) withholding and super information directly from their payroll software at the same time they pay their employees. Employers with 20 or more employees have already been required […]
Changes to the low and middle income tax offset announced in Budget 2019–20 are now law. The amount of offset you may be entitled to, and the amount of any refund, will differ for everyone depending on individual circumstances such as income level and how much tax you paid throughout the year. WILL I RECEIVE […]
Single Touch Payroll is a government initiative to streamline business reporting obligations. Employers with 20 or more employees have already been required to comply with STP provisions. From 1 July 2019 it will be mandatory for all employers to report using Single Touch Payroll. Employers will need to report payments such as salaries and wages, […]
Being a small business can be difficult, but the Australian Taxation Office has provided several concessions which are available only to small businesses. A small business is any business with a turnover of less than $10m. Once you are classed as a small business you can access the following concessions; Immediate write-off of Assets costing […]
All businesses will need to ensure they have registered all trading names as a business name with ASIC by 31 October 2018 in order to continue operating with it. If you have any questions regarding your Business Names Registration or need to apply for one, please contact our office.
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