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SME Newsletter
September 2019September 2019 Newsletter‘Cash in hand’ payments to workers no longer tax deductibleThe ATO has reminded employers that any ‘cash in hand’ payments made to workers from 1 July 2019 will not be tax deductible.‘Cash in hand’ refers to cash payments to employees that do not comply with pay as you go ('PAYG') withholding obligations.Payments made to contractors where the contractor does not provide an ABN and the business does not withhold any tax will also not be tax deductible from 1 July.This new measure will take effect for payments made to workers from 1 July 2019 for income tax returns lodged...
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June 2019SINGLE TOUCH PAYROLL UPDATEThe ATO has reminded employers that legislation has been passed to extend...
Find Out MoreResources to help understand and Implement Single Touch Payroll (STP)
March 2019Parliament has passed legislation to extend STP reporting to all employers from 1 July 2019Single...
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“As a fast growing company in the software industry, we need assistance across a wide range of services including accounting, tax, payroll, compliance and general advice and support from time to time.
The team at SME have been consistent and flexible with their invaluable support and guidance over the past 10 years, a time during which we have grown from zero to a multi-million dollar a year business.”
Hennie Laubsher, Managing Director, SourceCode ANZ Pty LtdSee more from our happy clients
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