As an employer, you must pay your employees at the correct rate, as well as any entitlements they are eligible for. This includes parental leave, sick leave or overtime rates. The wages and entitlements your employee is eligible for can depend on: their age the state they’re in your industry their qualifications their work duties…
ATO media release The Australian Taxation Office (ATO) is urging all taxpayers with offshore assets to declare their interests, ahead of a global crackdown on international tax havens. The ATO’s offshore voluntary disclosure initiative, ‘Project DO IT: disclose offshore income today’, provides a last chance opportunity for those who haven’t declared their overseas assets and…
A number of changes have been made which will affect fringe benefits tax (FBT) clients this year. Lodgment date The due date for lodgment of FBT returns is 25 June for electronic lodgements. Otherwise, the due date will revert to the statutory due date of 21 May. Appointment of tax agent date The tax agent…
Despite the importance of super, some employers do not always get super obligations for their employees right. Employers in the hairdressing and beauty, clothing retailing and management advice and consulting industries have been identified as having a higher risk of not meeting their super obligations. From July 2014 the ATO will be undertaking audits of…
This effectiveness story is about how we have improved the voluntary compliance of wealthy Australians In 2009–10, we began to focus on improving the voluntary compliance of wealthy Australians. Wealthy Australians are defined as Australian residents who control net assets of between $5 million and $30 million. This group consists of approximately 70,000 individuals who…