Blog

Mar14

Do you already have your Director ID? Apply Now!

By BS Team in Company, Taxation

Director IDs have recently been introduced to Australia to help prevent the use of false or fraudulent director identities. A director identifier number (Director ID) is a director’s unique identifier allocated to a director for life. If you are an...

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Sep28

Super Fund Choice – Rules are changing from 1 Nov!

By BS Team in Company, Individual, Social, Taxation

If you have new employees who start from 1 November 2021 and they don’t choose a super fund, you’ll have an extra step to take. You may now need to request their ‘stapled super fund’ details from ATO. A stapled...

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Sep13

Tips to avoid exceeding the concessional contributions cap

By BS Team in Company, Individual, Taxation

Be aware what your concessional contributions cap is before each 30th June. If you go over the cap ($ 27,500), you may have to pay extra tax. Check when your employer pays the contributions and when they were received by...

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Sep09

Single Touch Payroll

By BS Team in Company, Social, Taxation

Single Touch Payroll (STP), is an Australian Government initiative to reduce employers' reporting burdens to government agencies. With STP, you report employees' payroll information to us each time you pay them through STP-enabled software. Payroll information includes: salaries and wages...

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Sep06

Superannuation Contributions Cap – Alert, new limit applicable!

By BS Team in Company, Individual, Social, Taxation

From 1 July 2021, the general concessional contributions cap is $27,500 for all individuals regardless of age. It includes: compulsory superannuation guarantee contribution any additional concessional contributions your employer makes any salary sacrifice payments made to your super fund When...

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Mar17

Extra time to Lodge & Pay your quarterly BAS!

By NQ Team in Company, Taxation

Do you know if using the services of a registered BAS Agent (limited to BAS declarations) or a Tax Agent (for all tax declarations) your business can benefit of an extra 4 weeks extension for lodgment and payment? How to...

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Mar17

Don’t get caught, meet your Individual Tax Obligations in Australia!

By NQ Team in Individual, Taxation

Most individuals need to declare to the Australian Tax Office (ATO) their annual income in order for ATO to work out how much tax is payable. As your employer will already have made a compulsory withheld on your wages, your...

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Mar17

Individual TFN, this is a Private Matter!

By NQ Team in Individual, Taxation

A tax file number (TFN) is a unique lifetime’s number regardless of any personal changes. You can choose not to request a TFN nevertheless if you don’t have a TFN, you will have taxes deducted at maximum rate from any...

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