Story: You get a phone call. The caller says they’re from the ATO. They want you to pay a debt (which you know nothing about), or are asking for your personal details. But it doesn’t seem quite right. Maybe the caller: is aggressive threatens that if you don’t pay you will be arrested and sent […]

Paying superannuation to your employees is an important part of being an employer. If you miss a payment, super guarantee charge (SGC) may apply, and you will need to lodge an SGC statement the following month. SGC is non-deductible, made up of: super guarantee (SG) shortfall interest on the shortfall (currently 10% pa) an administration fee of […]

Fuel tax credit rates increased on 4 February in line with fuel excise indexation. If you claim less than $10,000 in fuel tax credits per year, next time you calculate your claim just use the rate that applies at the end of that BAS period. You can also use our simplified record keeping method, making […]

Single Touch Payroll (STP) changes the way employers report their employees’ tax and super information to us. Using payroll or accounting software that offers STP, employers send their employees’ tax and super information to us each time they run their payroll and pay their employees. The information is sent to us either directly from the […]

Exported goods are GST-free if you export them from Australia within 60 days of: receiving any payment for the goods issuing an invoice for the goods before receiving any payment. For service exports, there are specific rules that determine if their sale is GST-free. Generally they are GST-free if the recipient is outside Australia. Make […]