Is it that time of year already? The end of financial year is fast approaching and that means getting all your paperwork ready.   Before End of Year – Review Business Progress Review Profit & Loss to end March/April – Check with your trusted...

ICB is pleased to announce that the ATO and Government have listened. We have lobbied for some time that if the ATO requires you to check the ABN and GST status of your suppliers then they HAVE to state unequivocally that you are allowed to rely on it. We quote the...

Can All Employee Related Documents be Stored Electronically? In short, the answer is YES Storing Employee Documents – Fairwork Australia FairWork specifically allows for providing and recording the FairWork Information Statement, timesheets, payslips and payment...

From 1 July 2014, the carbon charge was repealed, increasing the rate for many fuels Carbon Charge Repealed From the 1st July 2014, the carbon charge was repealed, increasing the rate for many fuels acquired from 1st July 2014 and used off public roads.   This...

ATO using data analysis Work-related expense claims being targeted. This year the ATO are using extensive data analysis to identify areas requiring attention across all work-related expense claims, regardless of occupation.   The ATO are paying particular...

SUPERANNUATION Clarifications on MySuper System On the ATO website there is some confusing language regarding the MySuper system. We received some clarification from the ATO Superannuation section. The website states that the employer must choose a default fund that...