Greater Sydney Lockdown Set To Result 300,000 Job Losses
The significant amount of economic damaged caused by the covid-19 outbreak in Sydney is starting to show up in the national employment data, and is unfortunately beginning to spill over into over states. Figures published by the Australian Bureau of Statistics (ABS) illustrate that across Australia, women are losing jobs at a faster rate than […]
Summary of the 2021 Victorian State Budget
On Thursday 20th May, the Victorian Treasurer Tim Pallas delivered the State Budget for 2021-22. The Budget was described by the state government as Victoria’s road to recovery, this plans to achieved by investing in some transformational changes, especially in the space of mental health support. During the 2020-21 financial year Victoria recorded a significant […]
ATO Outlines Changes for Single Touch Payroll Phase 2
The Australian Tax Office (ATO) has announced the key changes which are set to be introduced under the Single Touch Payroll Phase 2 regime. This includes the categories of payments that employers will now be required to report. The ATO has outlined that mandatory STP Phase 2 reporting will be commencing from 1st January 2022. […]
Are You Ready for Single Touch Payroll Phase 2?
In December 2020, the ATO announced that it is working towards introducing 1st July 2021 as the start date for STP phase 2. Under these new rules, employers will be required to report additional payroll information on each pay day. Some of the major changes which set to be introduced include; moving away from the […]
The Small Business Ombudsman Calls for FBT To Be Scrapped
The Small Business Ombudsman believes that removing the fringe benefits tax, and enabling GST to be remitted at the point of sale, would potentially make the tax system more small business friendly. A recent research paper published by Australia’s Small Business and Family Enterprise Ombudsman has listed 25 recommendations that aspire to create a tax […]
Single touch payroll
Single Touch Payroll (STP) is an initiative being introduced by the Australian Tax Office (ATO) to provide real time visibility over the accuracy and timeliness of organisations’ payroll processes. STP proposes to streamline the administration of employee payroll, tax and superannuation obligations for employers. What is STP? The ‘Budget Savings (Omnibus) Bill 2016 – Single Touch […]
Launch of our video platform
We have recently been working through a range of education and information videos to support our partners or to give you some understanding of the issues that arise in the management of taxation or restructure issues. Understanding that some of the issues that arise are complicated and need further explanation, each video tries to cover […]
Single Touch Payroll
The Single Touch regime takes a company’s reporting to the next level. While this will be a welcome change for employees, small businesses will unfortunately experience an increase in compliance obligations. Now small businesses will need to flag cash flow difficulties and highlight steps that small businesses will need to manage. For small businesses that […]
Welcome to C&D Restructure
The team at C&D would like to welcome you to our website. Whilst the name is new the business remains the same. Lead by Craig Dangar, we continue to offer comprehensive support for our professional partners.