The holiday season is just around the corner! We hope you had another successful year and earn a well-deserved break. LWS Accountants will be closed from Monday, 23 December 2019 and will reopen on Tuesday, 7 January 2020. We would like to take this opportunity to wish you all a very Merry Christmas and a Happy …
Year-end (and other) staff parties Editor: With the well earned December/January holiday season on the way, many employers will be planning to reward staff with a celebratory party or event. However, there are important issues to consider, including the possible FBT and income tax implications of providing ‘entertainment’ (including Christmas parties) to staff and clients. …
PAYG and deductions for payments to workers The ATO has reminded business taxpayers they can no longer claim deductions for certain payments to workers if they have not met their PAYG withholding obligations from 1 July 2019. If the PAYG withholding rules require an amount to be withheld, to claim a deduction for most payments …