Recently, the Full Federal Court handed down its decision in another contractor vs employee case. The appeal judgement reaffirms the decision of previous High Court cases to give primacy to the contract in determining the status of a worker. Read on for more details.
Employee vs Contractor – A super win for the employer (for now!) Read More »
Employers are reminded that the superannuation guarantee (SG) rate will increase from 10.5% to 11% as of 1 July 2023. Find out the implication and what it means for Governments and NFPs.
Super Guarantee rate increase to 11% effective 1 July 2023 Read More »
During the pandemic many employees were mandated to work from home. Post pandemic most employers have continued to allow work from home arrangements. In response the ATO has issued guidelines to assist employees calculate deductible expenses incurred while working from home. Here’s TaxEd’s guide on what’s changed and how it might affect your organisation.
Changes to work from home deductions for employees Read More »
“A responsible Budget in uncertain times“ – Ministerial media release The Albanese Labor Government has handed down its first Federal Budget. Described as ‘a responsible Budget for uncertain times’, the focus is largely on easing the cost of living and investing for the future. Tax reforms announced in the Budget are largely restricted to multinational
2022-23 Federal Budget: Key measures for NFPs Read More »
Employers should now be fully conversant with reporting payroll data to the ATO under the single touch payroll (STP) Phase 2 rules. Whilst the Phase 2 initiative is intended to reduce an employer’s reporting burden by allowing the ATO to share payroll information with multiple government agencies (such as Services Australia), the additional data now
Are you reporting the correct STP information to the ATO? Read More »
Over recent months, TaxEd has reported on a number of legal cases involving the correct classification of a contractual relationship. These cases span across multiple industries, including a dentist, a service technician, a music teacher, a labour hire company and truck drivers. These cases highlight that the characterisation of a contractual relationship as one of
Are your contractor arrangements at risk of being subject to Superannuation Guarantee? Read More »
Almost 400 charities that failed to submit two or more ACNC Annual Information Statements (AIS’s) have lost their registration. In April 2022, the ACNC notified another almost 750 organisations that they also risked revocation for failure to lodge AIS’s (source: extract from ACNC media release of 19 May 2022). This type of ACNC compliance activity
The ACNC’s Charity Register review project: What do you need to know? Read More »
As 30 June approaches, one of the annual end year processes that may be required of a not for profit (NFP) that receives dividend income from their investment portfolio or trust distributions is to apply for a refund of the franking credits attached to the dividends/distributions. The process of applying for a franking credit refund
Changes to the ATO process of applying for refunds of franking credits Read More »
Employee work related car expense deductions and employer cents per KM reimbursements The ATO has released draft legislative instrument LI 2022/D8 setting the cents per KM rate commencing 1 July 2022 at $0.75 per KM (the current rate is $0.72 per KM for the period ending 30 June 2022). It is important to note that
In August 2021, the NSW Office of Local Government published draft guidelines for ‘audit, risk and improvement committees’ (ARIC’s) for local councils in NSW. In broad terms, the draft guidelines consider (amongst other things) how frequently members of the ARIC must meet, the ability for ARIC members to be involved with multiple ARICs, whether ARIC
