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Category: Tax Advice
08/03/2021
Meeting ATO guidelines for record keeping is easier for you and your Accountant with the new app MyDeductions
You need to keep records for five years (in most cases) from the date you lodge your tax return. Records may include income statements, payment summaries and receipts.
07/15/2021
Payroll Updates – Accountants advise on Minimum Wage, Super Increase and STP Finalisation Date
Employers, there are some payroll changes this year, including new rules for casuals. Minimum pay increases from 1 July and there are some changes to awards. We can help you navigate payroll admin and look after Single Touch Payroll for you.
07/07/2021
Fusion Financial Group’s Accountants advise STP reporting for Closely Held Payees now mandatory
Does your business make payments to closely held payees? If so, you will need to start reporting these payments via Single Touch Payroll (STP) from July 2021.