Single Touch Payroll (STP), plays an important role in receiving Jobkeeper stimulus payments. Here’s what you need to know. Single Touch Payroll is key for businesses to gain quick and easy access to the government’s Jobkeeper wages subsidy scheme. This scheme is intended to provide payments of $1,500 per fortnight to millions of Australians via their employer.
The global pandemic has thrown the business world into a period of extreme uncertainty, leaving many business owners wondering what actions to prioritise. Business owners and individual employees are worried about financial liquidity – and with good reason. There are a few key actions you can take now that will assist in your business’s recovery in the coming months.
The end of the tax year will soon be upon us with 30 June just around the corner. It’s a great time to look at your expected taxable income and profit for this financial year which will allow you to get your affairs in order and plan how to take advantage before 30 June.