Single Touch Payroll (STP) is a way of streamlining tax and super information to the ATO from your payroll or accounting software. Designed to provide ‘real-time-reporting’ solutions, the implementation of STP will mean employers will now report figures at the time of payroll, and employees can access year-to-date tax and superannuation details as they require… Read more »
Follow our handy Personal and Business Tax Time Checklists to make sure you’re prepared. So it’s that time of year yet again! If you are new to lodging a tax return or if you are a new Start-Up Business or Sole trader/contractor – even if you’ve been doing it for years – getting all of… Read more »
The Hrkac Group has access to a Car Buying Service for both Corporate and Private car buyers with an impartial, cost effective and stress free solution for purchasing your new motor vehicle. An average car purchase takes approx. 40 hours from start to finish, this service can eliminate all that stress. The process is, we… Read more »
Are you an employer? Are you aware of the recent changes? As of October 1st 2016 the ATO have put out changes to the PAYG withholding tax rate for employees earning over $80,000 a year. These changes see the 32.5% Tax threshold increase from $80,000 to $87,000 in the withholding schedules as a result of … Read more »
Follow our handy Personal and Business Tax Time Checklists to make sure you have everything in order. So it’s that time of year again! For some it has become like driving a car or riding a bike, you just go into autopilot and you can get everything in order without breaking a sweat. For others,… Read more »
What to look out for to ensure you’re not falling victim. Have you received emails, phone calls or letters from the Australian Tax Office, demanding payments for outstanding tax bills using iTunes cards? Be careful, these could be part of a new sophisticated tax scam defrauding Australians. Typically, when emails are used as… Read more »
What has changed and what you need to know. In early November the Federal Government passed a bill to make an amendment to legislation regarding the repayment of Fee HELP/HECS Loans for those people who have moved overseas. Previously, the legislation was that If you went overseas and said that you were no longer an… Read more »
So for borrowers, what are our alternatives? On Wednesday evening, Westpac announced their intention to increase the interest rate on their owner-occupier and investor loans by 0.2% and the likelihood of the other major lenders following suit is quite high. With this decision affecting those with personal loan, investment loans and business loans alike, it… Read more »
We are living in a world that is ever more reliant on technology. Now days, in Australia, you would be hard-pressed to find a business that doesn’t utilise a computer as a part of it’s day-to-day operations. Whether it’s for basic invoicing and data storage or as a fundamental tool of your trade, the… Read more »
The Reserve Bank of Australia has announced the result of its monthly board meeting. The official cash rate has been reduced to a new record-low of 2.25 per cent after being left on hold at 2.5 per cent since August 2013. The Reserve Bank’s decision has come as a surprise: a finder.com.au survey of 30… Read more »
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