Payroll

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ATO Compliance 2025: How Sydney Businesses Can Avoid Penalties

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The ATO compliance 2025 Sydney initiative is increasing scrutiny across payroll, GST, digital payments, and financial reporting. Sydney businesses must strengthen systems, maintain accurate records, and adopt robust compliance practices to avoid penalties. For more information on ATO compliance rules, see the ATO official website. With the ATO leveraging advanced data-matching, analytics, and digital tools, […]

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ATO Data-Matching 2025: Sydney Businesses Must Prepare

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The ATO data-matching 2025 Sydney initiative is expanding, giving Sydney businesses greater visibility into compliance requirements. This initiative will increase the volume, frequency, and accuracy of data collected from financial institutions, payroll systems, payment platforms, and cryptocurrency providers, making accurate reporting more critical than ever.   The updated framework allows the ATO to quickly detect

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ATO Expands Guidance on Ordinary Time Earnings (OTE): What Sydney Employers Need to Know

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The Australian Taxation Office (ATO) has released updated and expanded guidance on what constitutes Ordinary Time Earnings (OTE) for superannuation guarantee (SG) purposes.This update provides employers with clearer examples and practical explanations to help ensure accurate super contributions and reduced compliance risks. For Sydney employers, payroll teams, and business owners, this is a timely reminder

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Preparing for 2026 EOFY Compliance: A Roadmap for Sydney Businesses

Leave a Comment / Business Tax, EOFY, Payroll, Tax Planning /

As 2025 winds down, many Sydney businesses are turning their attention to the 2026 end of financial year (EOFY). With evolving tax rules, stricter reporting requirements, and increased scrutiny from the ATO and state revenue authorities, preparing early has never been more important. In this blog, we highlight the key areas every Sydney business should

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South Australia Payroll Tax Update: New Rulings Affect Medical Practices and Regional Health Networks

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If you’re a medical practitioner or operate a medical practice in South Australia, two new payroll tax rulings from RevenueSA may directly affect how you manage your payroll obligations from 1 July 2024. At Boa & Co. Chartered Accountants, we’re keeping a close eye on these developments so you don’t have to. Here’s what you

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Northern Territory Payroll Tax Changes: What Employers Need to Know

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The Payroll Tax Amendment Act 2024 (NT) has been enacted, bringing significant payroll tax changes to businesses operating in the Northern Territory (NT). Effective from 1 July 2025, these amendments aim to provide relief for businesses while incentivizing apprenticeships and training. Key Changes to Payroll Tax in the NT How These Changes Affect Your Business

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NSW Payroll Tax Changes Could Cost Brokers $68,000 in Extra Taxes

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Industry Groups Call for Urgent Legislative Update The NSW Payroll Tax Act is under scrutiny as industry leaders warn that its current classification of mortgage brokers as employees of aggregators could result in significant financial strain on independent brokers and small brokerage firms. The Mortgage and Finance Association of Australia (MFAA) is leading calls for

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NSW Payroll Tax Review: Implications for High-Income Professionals in Specialist Sectors

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The New South Wales government’s recent announcement of a parliamentary inquiry into the Payroll Tax Act has sparked significant interest across industries, particularly among high-income professionals such as surgeons, lawyers, financial advisors, and consultants. This review aims to address contentious issues related to contractor and employment agent provisions that directly affect how payroll tax is

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Finding the Right Payroll Provider: A Business Owner’s Guide

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Struggling to find the best payroll providers in Australia? With ever-changing regulations on benefits, salaries, and complex tax due dates, finding the right payroll provider in Australia is crucial for success. Businesses of all sizes need reliable payroll solutions. So, if you’re looking for ways to save time, reduce errors, and ensure compliance (and let’s

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