Return to site

March 2019 Tax Newsletter

· Newsletters

We are pleased to supply you with the March 2019 edition of our Tax Newsletter, which contains information on a number of important taxation developments:

  • Single Touch Payroll reporting for small businesses: get ready! - Legislation has recently passed to bring in STP reporting for all small employers from 1 July 2019.
  • Super guarantee compliance: time to take action - The government’s latest initiatives targeting non-compliance with SG obligations give businesses plenty to think about.
  • Proposed increase for small business instant asset write-off - Prime Minister Scott Morrison recently announced the intention to increase the instant asset write-off for small businesses from $20,000 to $25,000.
  • ATO warns about new scams in 2019 - While the ATO regularly contacts people by phone, email and SMS, there are some tell-tale signs that you’re being contacted by someone who isn’t with the ATO.
  • ATO refers overdue lodgments to external collection agencies - External collection agencies will focus on income tax and activity statement lodgments.
  • Extra 44,000 taxpayers face Div 293 superannuation tax - Individuals with income and super contributions above $250,000 are subject to an additional 15% tax on their concessional contributions
If you want more information on any of these topics, please click on the link below:
If you have any further questions, please call us on 02 9580 3353
All Posts

Almost done…

We just sent you an email. Please click the link in the email to confirm your subscription!