Looking to save time when signing bulk tax returns / activity statements for your managements?
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Looking to save time when signing bulk tax returns / activity statements for your managements?
The vast majority of strata managers we work with are very aware of when a strata company needs to prepare a tax return and what is required to be included (ie: interest income from banks, status certificate income, laundry receipts
Entities that are considered 'non-profit' can be exempt from paying income tax in Australia if they meet certain elegibility criteria set by tax legislation.
Honorariums are a kind and practical way to reward the hard working volunteers that contribute so much to a strata company. Keep in mind the potential tax implications though.
Single Touch Payroll is a mandatory change in the way employers report payroll to the ATO. It affects all employers and our FAQ article gives strata managers all of the