Accountants - Simply Great Service
You cannot claim the cost of repairing defects, damage or deterioration that existed when you obtained the property, even if you carried out these repairs to make the property suitable for renting. This is because these expenses relate to the period before the property became an income-producing property. Stephen needed […]
From 1 July 2013, the super guarantee rate will change from 9% to 9.25%. If you are an employer you will need to ensure that your payroll software calculates employer super at the new rate. In addition the upper age limit for super guarantee payments has been removed. This means […]
From 1 July 2012, businesses in the building and construction industry need to report the total payments they make to each contractor for building and construction services each year. You need to report these payments to us on the “Taxable Payments Annual Report”. The aim of the system is to […]
If you incorrectly treat an employee as a contractor, you can face penalties and charges for not meeting your required obligations. These penalties and other charges include.. PAYG withholding penalty for not meeting your PAYG withholding obligations Super guarantee charges for not meeting your super obligations, made up of super […]