WELCOME

Welcome to our July 2019 edition of the StewartBrown newsletter. We hope to keep you informed of the important tax developments and issues affecting businesses in Australia today.

Our roadshow is taking an all-day forum around Australia, starting 15 October in Sydney then all the state capitals, and finishing in Launceston on 13 November.

Share Knowledge and Insights From Across the Whole Sector

The Aged Care Finance Forum is designed to inform the aged care sector. It explores the policy, operational and financial changes in the sector in 2019 and beyond, helping operators survive and prosper in an uncertain but exciting environment. The Forum is the opportunity for aged care providers and finance and operational staff across the sector to discuss challenges and share knowledge and insights.

StewartBrown came out in support of IRT’s Race Against Homelessness Race Day on Saturday 15th, with sponsorship and a contingent StewartBrown racegoers to yell the horses home in the eight-event card. The first race was our very own: the StewartBrown Chartered Accountants Maiden Plate. There were six runners and a close finish.

This special edition of our newsletter is to remind you of your 2019 financial year employer obligations and provide you with an update on employment matters:-

IMPORTANT CONSIDERATIONS

1. SINGLE TOUCH PAYROLL ("STP")

STP is a Government initiative to further simplify business reporting obligations. It is a mandatory reporting requirement for employers and will require employers to report payments such as salaries and wages, pay as you go (PAYG) withholding and superannuation information to the Australian Taxation Office (“ATO”) directly from their payroll systems at the same time employees are paid. It will eventually apply to every payroll system in Australia.