• jobmaker
    JobMaker Hiring Credits: What We Know So Far
    We’ve had quite a few questions about the JobMaker hiring credit announced in the 2020-21 Federal Budget. The legislation enabling the JobMaker scheme has not passed Parliament as yet and until this occurs, the JobMaker rules are not certain and may change. More details should be available soon and we’ll […]
  • tax loss
    Refunds for Tax Losses
    If your company has made a loss, you may be able to claim a tax refund for tax previously paid on profits.  In the 2020-21 Federal Budget, the Government announced that businesses with turnover under $5bn* will be able to offset any losses made between 2019-20 and 2021-22 against previously […]
  • investment
    Tax Deductions for Investing in Your Business
    Stimulating investment is high on the Government’s agenda. To encourage spending, the 2020-21 Budget introduced a measure that allows businesses with turnover under $5bn* to immediately deduct the cost of new depreciable assets and the cost of improvements to existing assets in the first year of use. This means that […]
  • system-outage
    ATO Extends JobKeeper Monthly Declaration After System Downtime
    Despite the business monthly declaration for October JobKeeper payments due on 14 November, the ATO had scheduled its system maintenance for online services for agents over the weekend, effectively affecting access over both days. As such, the ATO has now confirmed it will continue to accept and process late declarations. […]
  • best-worst-smsfs
    3 Best and Worst Super Funds Revealed
    Source: NestEgg Stockspots 2020 Fat Cat Funds report has stated that poor performance is largely due to higher fees, with CEO Chris Brycki highlighting to consumers they would be $200,000 better off if they are in a fund charging less than 1 per cent instead of paying 2 per cent. “One […]
  • Australian Tax Office
    ATO Flags Key Early Access to Super Dates
    In an online update, the ATO said that ATO offices will generally be closed from midday of 24 December 2020 to the start of business on 4 January 2021. The last fund files prior to Christmas will be sent on 24 December 2020 – this will include all approvals up […]
10 November 2020
payroll-tax

NSW Announces Payroll Tax Relief for New Jobs

Source: Accountants Daily NSW Premier Gladys Berejiklian believes the Jobs Plus Program will create or support up to 25,000 jobs to 30 June 2022 by incentivising companies to relocate their head offices to NSW or expand their jobs footprint in the state. A key feature of the program will see […]
7 February 2019

Why Outsource Your Payroll?

Processing Payroll manually and doing it in-house can be a time-consuming process. Outsourcing your payroll to an organisation with payroll expertise like Nobel Thomas can liberate your staff to focus on more important value-added and revenue-generating activities. Many businesses now harness the benefits of external experts to process their payroll, […]
12 March 2018

Australian Payroll Compliance

As your business grows and you find the need to take on more employees to help you keep up, one of the most important skills you need to learn is ensuring you are making the correct payroll payments and remaining in compliance with the requirements of Australian Revenue Offices. One of […]
12 February 2018

Payroll Tax

Payroll Tax is a state tax on the wages paid by employers. It’s calculated on the amount of wages you pay per month and collected in each state or territory that your employees are located in. However, not all businesses will have a tax obligation. You are only liable for […]
25 September 2017

What to Consider When Outsourcing Payroll

Payroll services are becoming increasingly popular for Australian small, medium and large organisations. Business leaders are recognising that employing a dedicated payroll officer is inefficient and that they lack the in-depth expertise a payroll service can guarantee. For example, you’re likely to require a service that guarantees its turnaround times […]
23 January 2017

Eight Reasons to Outsource Your Organisation’s Payroll

As business functions become more specialised (and time remains an irreplaceable commodity), organisations are outsourcing essential services. Outsourcing payroll allows companies to focus on core competencies and leave the complexities of systems and compliance to experts in the field. With careful planning, the benefits of outsourcing payroll capabilities can be […]
19 January 2015

Payroll Software For Simplify Your 2015

Payroll can take up a lot of time – and it could be better spent on building your business. New technology can help simplify the process, saving you time and money. But which payroll software is right for you? New technology isn’t just for consumers – it’s for businesses too. […]
21 April 2014

Top Reasons Why Its Viable To Outsource Payroll

While running a business can be both fun and highly challenging, there are also certain aspects that can be considered tedious. One of which is processing payroll of your employees, which is typically every two weeks. As your business grows, you may have been considering hiring a Melbourne accountant to […]
18 December 2013

Payroll Accounting Tips Every Business Owner Should Know

Whether you are running a small business or a large corporation, the preparation of payroll accounting can be quite a pain and best left to a Melbourne accountant. Aside from ensuring every employee is properly compensated, one of the major challenges of payroll Melbourne accountant or a Melbourne accounting firm […]
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