You can prepay amounts towards your expected tax bill. Pre-payments can help you stay on top of your tax and avoid falling into debt. To make a pre-payment, you simply need to: get the correct payment reference number decide how much to pay choose a payment method. You must use the correct payment reference number […]
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Category: Australian tax updates
by: Jomon JK
Single Touch Payroll-reporting starts 1 July 2018
Single Touch Payroll (STP) reporting becomes mandatory for employers with 20 or more employees from 1 July 2018. Single Touch Payroll will continue to keep you and your employer clients updated on what you need to do and when. We are working on detailed guidance for our website and will let you know when this […]
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Category: Australian tax updates
by: Jomon JK
Similar tax obligations for taxi drivers apply to ride-sourcing providers.
If you have a ride-sourcing enterprise; Get an Australian business number Register for GST regardless of how much you earn (ride-sourcing is taxi travel for GST purposes) Pay GST on the full fare Only claim GST credits related to transporting passengers for a fare Lodge business activity statements Know how to issue a tax invoice […]
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