Closing Your Business

Closing Your Business

If you are planning to close your business, there are a few important things to take care of. When you’ve put a lot of time and hard work into building a business, sometimes it’s hard to know what to do in difficult times. We can discuss whether alternatives might be...
What’s the Difference Between PAYGI and PAYGW?

What’s the Difference Between PAYGI and PAYGW?

Many people new to running a business and employing people are unsure about the difference between PAYGI and PAYGW. They are not the same thing! PAYG stands for ‘pay as you go’. This is the means the ATO uses to obtain tax payments from both employees and business...
Taxable Payments Annual Report (TPAR) for 2021

Taxable Payments Annual Report (TPAR) for 2021

The taxable payments annual report (TPAR) reports to the ATO information about payments made to contractors for certain services.   TPAR for the building and construction industry has been in place for some years. In recent years, cleaning services, courier...
STP Reporting for Closely Held Payees

STP Reporting for Closely Held Payees

Small employers with 19 or fewer employees didn’t have to report amounts paid to closely held payees until 30th June 2021. Now since the 1st of July 2021, closely held payees are no longer exempt from Single Touch Payroll (STP) reporting. If a business pays...