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Labor, Elections & Tax Agent Fees
Our opinion – Labor is trying to cap tax agent fees which will undervalue accountants skills, education and knowledge...more

ASBAS – Workshops in May
ASBAS is hosting workshops run by Business Station in conjunction with RDA Brisbane in May. Join us to learn about small business software....more

Superannuation Guarantee and annual leave accrual on workers compensation payments
A common question when there is a need to pay workers compensation to employees is “do they accrue annual leave?” The Association of Accounting Technicians (one of our professional bodies of which we are a Fellow member) have put together this short article. Workers compensation is an insurance payment payable to an employee if they […]...more

Instant Asset Write Off
Royal Assent was given on 6 April 2019 to the amended Instant Asset Write Off legislation. What does this mean? The Instant Asset Write Off allows business to bring forward depreciation and claim the purchase cost in full in the year it has been purchased (assuming its cost is less than the maximum limit depending […]...more

Fair Work Best Practice Guide to Work & Family
The ICB has provided a resource re Fair Work Best Practice Guide to Work & Family...more

Home Office Running Expenses
Home office expenses resource provided by the ICB...more

Single Touch Payroll – An Update
Single Touch Payroll for employers with 19 or fewer staff will be in effect from 1 July 2019....more

Part 7 penalty waived amid SG amnesty hold
The Tax Office will waive the Part 7 penalties for those who voluntarily report historical underpayment of superannuation guarantee (SG), despite the proposed amnesty not yet being law – according to Accountants Daily....more

STP legislation passes
The houses of parliament have today passed legislation (The Treasury Laws Amendment (2018 Measures No. 4) Bill 2018) for businesses with 19 or fewer employees to report their payroll through the Single Touch Payroll system from 1 July 2019.The Tax Office have published a list of low-cost software providers for the micro-business sector (those with […]...more

2019 Top Tax Changes
Many tax changes have occurred relevant to the 2019 financial year and beyond. We list our take-away points....more

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