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NEWS

Starting 1 July 2019, changes have been implemented to the way employers report tax and superannuation payments to the Australian Taxation Office (ATO). This reporting change is called Single Touch Payroll (STP).

With the 2019 Australian federal election just days away, we at Ashford’s thought it’d be worthwhile putting together a blog post outlining how each major political party is addressing the various hot-button issues from a policy standpoint. Taxation Widely seen as one of the most crucial dividing lines between the two main parties.

From 1st July 2019, Single Touch Payroll (STP) will apply to all employers regardless of the number of employees they have on payroll. STP was previously introduced by the ATO from 1st July 2018 for businesses with 20 or more employees, however new recent legislation has now extended the requirement to apply to all employers.

Superannuation Manager The federal election has been called for May 18 and both major parties have outlined their superannuation and tax policies. With the federal election only weeks away, many of our clients have been asking what the major political parties’ policies are, that may impact their SMSF, individual taxation circumstances