Category Archives: Tax

Payroll Premier and the new Backpackers Tax

Question: How do I create a tax scale for the recently introduced “Backpacker Tax”? Solution: Create a new PAYG Tax Scale with percentages for the new backpacker levels. The Issue In December 2016 the Australian Government finalised the re-categorisation of foreign visitors on working holiday visas (“backpackers”) for PAYG withholding purposes, from parity with “Residents” […]

Reckon Accounts Business Range and the new Backpackers Tax

Question: How do I create a tax scale for the recently introduced “Backpacker Tax”? Solution: Set the Employee Tax Details to Tax Code 8-No TaxC and the Tax% field to 15%. The Issue In December 2016 the Australian Government finalised the re-categorisation of foreign visitors on working holiday visas (“backpackers”) for PAYG withholding purposes, from […]

Tax (BAS) News August 2016

Tax (BAS) News Now that the financial year has ended, your business may soon need to meet some compliance reporting deadlines.  If your business needs to lodge an income tax return the due date will depend upon your business structure.  Sole traders, partnerships and trusts – your tax return is due by 31 October, unless you […]

Tax news – latest from the Australian Taxation Office for small business.

The Deadline for SuperStream is fast approaching The ATO will be contacting small businesses with 19 or fewer employees about SuperStream from late March 2016 onwards. You may therefore receive an email, SMS, or letter from the ATO reminding you of the importance of getting ready for SuperStream by the 30 June 2016 deadline.  It’s at […]

Tax News – Christmas parties health & safety & FBT Implications

If you’re thinking of holding a staff Christmas party this year make sure you consider health and safety regulations.   While your staff may be ‘off the clock’, you’ll probably still be responsible for their health and safety. Here’s some suggestions to help your workplace celebrate safely: Send a friendly email to staff before the party reminding […]