Insights

For Management Rights owners, remaining compliant with governing standards is an essential business and licensing requirement – regardless whether you are a seasoned operator or new to the industry.

Last year, the Australian Tax Office implemented new changes to the way GST Withholding is paid for certain property transactions - requiring additional processes and procedures to be undertaken.

For the Building & Construction industry, the beginning of 2019 has been an eventful period, with the Queensland Building & Construction Commission (QBCC) introducing their new Minimum Financial Requirements Framework. 

Having entered the New Financial Year, the 2019-20 Fiscal Year is likely to be a very exciting period for the Transportation industry.

Overnight, the Palaszczuk Government released their State Budget 2019-20, dedicating initiatives to help Queensland's business sector and continue growth across our State economy.

The Australian Federal Budget has now been delivered and the Opposition has responded.

With the end of the FBT year, employers will be focusing on strategies on how to minimise their FBT liability and possibly reduce their employee’s reportable fringe benefit disclosure. 

A brief note below on some taxation matters that may impact your business and some announcements that are not yet law but might be useful for your business planning.

This week, the Federal Government passed legislation that requires employers of all sizes to electronically file each pay run with the ATO using Single Touch Payroll from 1 July 2019.