Attention – Business Owners hiring employees
Small employers (those with 19 or less employees) need to start Single Touch Payroll (STP) reporting before 30 September 2019.
There is support available for employers transitioning to STP reporting, especially those who are not currently using software. For further information visit ATO website at www.ato.gov.au
What you need to do
› Decide the ‘reporting solution’ that best meets your needs. Information on reporting solutions can be found at ato.gov.au/stpsolutions
› If you are using a payroll software, talk to your provider to find out how they can help you with STP reporting
› If you employ one to four employees then you can choose a low-cost or no cost STP solution. For more information visit ATO website at ato.gov.au/stpsolutions.
Contact Expert Tax on 0449 952 855 or 1300 8 MY TAX (1300 869 829) for assistance on tax related matters.
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Benefits of using a Tax Agent
- Takes the stress out of completing your tax return.
- Saves you time, as they lodge your return for you on your behalf. Completing the form yourself can take hours.
- Can help get you more tax back by claiming all legitimate deductions that you may not be aware of.
- You can claim the cost of a tax agent as a deduction in the following year’s tax return.
- A tax agent can also provide personal advice in areas of taxation law.
What qualifications should my tax agent have?
Tax agents must be registered with the Tax Practitioners Board (TPB) before they are able to charge for their service. Some practitioners can give advice and act as tax agents without being registered, as long as they are operating under a group that is registered by the TPB.
To be eligible as a registered tax agent, the individual must have a good record with no recent convictions, involvement in tax exploitation, ongoing bankruptcies, or imprisonment. Once registered, practitioners can bear the TPB registered symbol.
You can find registered agents by visiting the Tax Practitioners Board website on www.tpb.gov.au
Expert Tax are registered Tax Agents (Tax Agent ID – 25487840).
Expert Tax can be contacted on 0449 952 855 or 1300 8 MY TAX (1300 869 829)