General Article – E-invoicing, not electronic invoicing – there is a difference

Money flows out under digital process such as Single Touch Payroll (STP) – what if money could flow in through a digital process? E-Invoicing (a step beyond electronic invoicing) is coming. Readers will be aware that for many businesses, money has been flowing out through a fully digitised process under the STP regime for some …

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Payroll – Why do we need to disclose exemption from FBT under s. 57A on an employee’s payment summary form?

Payment summaries now require an employer to indicate whether they are exempt from FBT under s. 57A of the FBTAA. This is due to changes to eligibility measures for various Federal Government benefits, payments and income tests. Specifically, The Department of Human Services (DHS) has changed how reportable fringe benefits amounts (RFBAs) are used to …

Read morePayroll – Why do we need to disclose exemption from FBT under s. 57A on an employee’s payment summary form?