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Posts by theaccountant

Fuel tax credit rates have increased

Fuel tax credit rates increased on the 4th of February 2019 in line with fuel excise indexation. If you claim less than $10,000 in fuel tax credits per year, next time you calculate your claim just use the rate that applies at the end of that BAS period. Check out the updated rates Рbusiness.

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Single Touch Payroll

Federal Parliament has passed legislation announcing all businesses with 19 or fewer employees will now have to report under the Single Touch Payroll system by 1 July 2019. Businesses with 20 or more employees came under reporting requirements in July 2018. This new legislation will make it mandatory for all Australian small businesses to send…

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