Posts

Fuel tax credit latest rates

The ATO's fuel tax credit calculator includes the latest rates and is simple, quick and easy to use. You can use it to work out the fuel tax credit amount to report on your business activity statement (BAS).
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February 2022 cryptocurrency scam

Scammers pretending to be from the ATO are telling people they are suspected of being involved in cryptocurrency tax evasion.
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Stapled super funds start this month

From 1 Nov 2021, if you have new employees start, employers may have an extra step to comply with choice of fund rules.

ATO Payment Plans

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Did you know that the Australian Taxation Office (ATO), one of the biggest creditors to small business, allows payment of tax debt by instalments as an option?
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STP Phase 2 starts January 2022

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Single Touch Payroll (STP) Phase 2 reporting starts 1 January 2022; learn what it means for employers.

Superannuation guarantee increase on 1 July

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An SG base rate rise is set from 1 July which will increase from 9.5% to 10%, followed by incremental half percentage point increases each year to 12% on 1 July 2025.
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Switch now to Online services for business

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The ATO's Business Portal will close soon so make the switch to Online services for business today! To access Online services for business, go to ato.gov.au/OSB.
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Insurance broker’s bookkeeping now a breeze

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Insurance broker now has peace of mind knowing that Notch Above’s bookkeeping processes produce accurate monthly data which is available to her whenever she needs it. It not only helps her in her business decision-making but it also makes for easy end-of-financial-year processing.

JobKeeper audits underway

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Imagine going through the rigmarole to apply for JobKeeper when COVID-19 restrictions were rife, only to find your application rejected months later by Tax Office auditors. That is what happened to one small business who took a DIY approach to their JobKeeper application.