Small Business Stamp Duty Exemption - 27th March 2018

The NSW Government has created a new Small Business Stamp Duty exemption (the exemption) for certain insurances acquired on or after 1 January 2018.


Currently all commercial insurance policies attract Stamp Duty which is imposed by the State Government. For eligible small businesses, this means that there is no longer a requirement for this cost to be paid.

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Solicitor Trust Account Audits - 26th March 2018

Are you a solicitor who requires an External Examination of your Trust Account? 

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Common Errors with Fuel Tax Credits and How to Avoid Them - 7th March 2018

Fuel tax credit rates are updated every year (generally on 1 February, but for 2018 they changed on 5 February). It is therefore a timely reminder that the ATO has made public some common errors that taxpayers make when calculating and claiming fuel tax credits.

The tips that follow will help taxpayers avoid these errors, or you can watch this webinar recording for more information on getting fuel tax credit claims right.

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Is your Business Prepared for Single Touch Payroll? - 5th March 2018

Single Touch Payroll is a government initiative to streamline business reporting obligations, which is due to become compulsory from 1 July 2018. When a business pays its employees, the payroll information will be sent to the ATO via the business's payroll software.

Reporting under the Single Touch Payroll (STP) system removes the requirement to issue payment summaries, provide annual reports and tax file number declarations to the ATO. During the first year of its introduction, the ATO says employers will not be liable for a penalty for a late STP report.

Read on for Important points to keep in mind for the transition to STP.

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