Christmas Parties & Gifts 2019

Christmas Parties & Gifts 2019

By WSCAdmin | Created on February 2, 2020

Under the FBT Act, employers must choose how they calculate their FBT meal entertainment liability, and most use either the 'actual method' or the '50/50 method', rather than the '12-week method'.

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Bushfire relief from ATO obligations

Bushfire relief from ATO obligations

By WSCAdmin | Created on February 2, 2020

The ATO has provided relief from lodgement compliance and payment obligations for those impacted by the bushfires. An automatic two month deferral for activity statements lodgements and payments due has been provided to those in affected postcodes.

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Super guarantee opt-out for employees with multiple employers

Super guarantee opt-out for employees with multiple employers

By WSCAdmin | Created on February 2, 2020

Employers are required to pay 9.5% superannuation guarantee for all eligible employees. But what happens if you are an employee with multiple employers? Until recently, these compulsory payments meant some employees risked unintentionally breaching their concessional contributions caps. New laws however provide a potential solution.

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The Super Guarantee timing trap for employers

The Super Guarantee timing trap for employers

By WSCAdmin | Created on February 2, 2020

How employers are being caught out by the timing of superannuation guarantee payments.

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PAYG and deductions for payments to workers

PAYG and deductions for payments to workers

By WSCAdmin | Created on February 2, 2020

The ATO has reminded business taxpayers they can no longer claim deductions for certain payments to workers if they have not met their PAYG withholding obligations from 1 July 2019.

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STP and superannuation guarantee

STP and superannuation guarantee

By WSCAdmin | Created on February 2, 2020

In a presentation at the Australian Institute of Superannuation Trustees Chairs Forum, the ATO's Deputy Commissioner confirmed that as a result of STP, the ATO now has an "unprecedented level of visibility" of super information.

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