Year: 2025

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…

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…

Managing superannuation contributions is a critical legal responsibility for every employer in Australia. The Super Guarantee (SG) requires businesses to pay a portion of their eligible employees’ ordinary time earnings into a super fund. While this obligation can seem overwhelming, it is manageable with the right strategies.Understanding the Super GuaranteeThe Super Guarantee (SG) ensures employees…

How to Track Small Business CGT Concessions requires meticulous record-keeping and understanding of the eligibility requirements to maximize tax benefits when selling or restructuring your business. Small business owners in Australia have access to valuable CGT small business concessions that can significantly reduce assessable income from the sale of business assets. However, it is important…