5 Ways to Make GST Recording Simple and Error-Free can transform your business’s approach to GST compliance and financial management. As experienced tax professionals at ACT Tax Group, we’ve seen firsthand how proper GST handling can save businesses time, money, and stress. Managing Goods and Services Tax (GST) in Australia doesn’t have to be complicated…
Day: May 2, 2025
Keep Employee Withholding Tax Simple and Accurate
Maintaining simplicity and accuracy in employee withholding tax (PAYG withholding) is critical for Australian businesses to ensure compliance, avoid penalties, and support workforce financial stability. The Pay As You Go (PAYG) withholding system requires employers to deduct taxes from payments to employees, contractors, and other entities, remitting these withheld amounts to the Australian Taxation Office…
Effective Payroll Management with Single Touch Payroll: Practical Tips for Businesses
Smooth sailing with Single Touch Payroll (STP) begins with understanding how this transformative Australian payroll reporting system simplifies compliance while ensuring accuracy. Since its phased rollout, STP has become mandatory for nearly all employers, requiring real-time digital reporting of employees’ salaries, PAYG withholding, and superannuation contributions to the Australian Taxation Office (ATO). For businesses in…
How to Calculate and Record State Payroll Tax
Calculating and recording state payroll tax is a crucial responsibility for Australian businesses, particularly for employers seeking to ensure ATO compliance. With the right payroll software and payroll processes in place, businesses can streamline payroll management, handle tax calculations efficiently, and maintain accurate record keeping. This article provides a step-by-step guide to help employers manage…
