ATO Updates and Information
ATO Free Small Business Webinars
At QA we recognise that being in business is not a static existence, but one of constant change; new regulation and technologies, adapting to economic change, and meeting requirements of the ATO and other government sectors. There are those niggling little thoughts; am I meeting all my obligations? Am I missing out on opportunities? I’d like information regarding change to Australia’s business environment and how it might affect my business.
The ATO is currently running a series of free webinars about starting a new small business and for small businesses needing to refresh their knowledge. Registration is needed to join a session.
Topics include:
Tax support for small business
Digital options
Connecting online with the ATO
Business Records
Budgeting and managing cashflow
Considering viability
GST income and expense recording
Becoming an employer
Single Touch Payroll
Tax Payments Annual Reports (TPAR)
And more.
Follow the link below to view webinar topics:
If information from these ATO webinars has raised questions requiring professional advice, please call Quality Accounting on (02) 6658 1655 to book an appointment with an accountant.
2020 Budget - Personal Income Tax Changes
Employers don't need to make any adjustments or refunds for their employees. Any over-withholding that occurred prior to the updates to payroll software or processes will be applied as credits when the employees lodge their 2020–21 income tax returns.
We are pleased to inform all our Xero subscribers that Xero has already been updated. No action is required. Xero Payroll will calculate on the updated tax withholding tables for all future pay runs. Other payroll software providers will update their software by 16 November 2020, please contact them for update information.
If you require more information about the ATO’s payroll changes, please arrange to speak with one of our accountants on 02-6658 1655 or message us through our website: https://qualityaccounting.com.au/contact-us/
