Single Touch Payroll is coming

The deadline for employers with fewer than 20 employees to implement Single Touch Payroll is fast approaching. Unless you are exempted, you must implement this change by 1 July 2019. If you are an employer with 20 or more employees, then you should already have implemented Single Touch Payroll. What is Single Touch Payroll? Single Touch Payroll (STP) is a new way to report your employees’ payroll information directly from…  Read more

What you need to know about FBT 2019

What is FBT? Fringe Benefits Tax (FBT) is a tax payable by employers on certain benefits they provide to their employees. The FBT year runs from 1 April to 31 March. If you have provided certain benefits to your employees, you may be liable to pay FBT. What types of benefits? FBT is payable on any benefit given to an employee (such as free or discounted goods or services), unless…  Read more