Transfer Balance Caps and Reporting Obligations

Self-Managed Super Funds (SMSF’s) have new reporting obligations. This is due to the new Transfer Balance Cap measures and event based reporting framework. The Transfer Balance Cap Report (TBAR) that is used to report is separate from the SMSF Annual Return (SAR). The TBAR enables the ATO to record and track an individual’s balance for… Read More

Single Touch Payroll

The Australian Taxation Office is enforcing a change from employers to provide Payroll information on their employees on a regular monthly basis. All employers will be required to ensure that their payroll providers can provide them with software that meets single touch Payroll requirements as required by the Australian Taxation Office. The purpose of the… Read More