Tax

COVID19

Let’s Recap the 2022-2023 Federal Budget

Let’s Recap the 2022-2023 Federal Budget The Treasurer Josh Frydenberg delivered the Federal Budget on Tuesday 29th March 2022. Below we’ve summarised as to how this will affect you as a an individual and a business owner. Individuals Increasing Medicare Levy Low-Income Thresholds The …

Tax

Do you Pay Wages to Family Members from your Business?

If yes, then you may be affected by the latest change to the Single Touch Payroll rules for closely held employees. Am I Affected? If you already use a single touch payroll system (STP) for all your employees – including family members you are unaffected …