Accountants | Tax Agents | BAS Agents | Central Coast

Payday Super

Wed, 18 Mar 2026 01:00:00 +0000

Payday Super will officially commence on 1 July 2026, and this change will require employers to pay superannuation at the same time wages are paid, rather than quarterly. This is a significant shift in employer obligations, and early preparation will be essential. With the introduction of payday super, the ATO Small Business Clearing House will be closing. This means employers will need to transition to an alternative super payment solution ahead of the deadline to avoid last minute issues. ...

Christmas Closure

Thu, 11 Dec 2025 05:00:00 +0000

Tamra and the staff at Walters Accountants would like
to wish you a very Merry Christmas and
a happy and prosperous New Year. As the holiday season arrives, we would like to
&n...

Superannuation Rises to 12% on 1 July 2025

Fri, 27 Jun 2025 00:00:00 +0000

From 1 July 2025, the Superannuation Guarantee (SG) rate increases from 11.5% to 12%. If you have employees, now’s the time to: Update your payroll software Check employment contracts (is super included or on top?) Budget for the increased contributions Communicate the change to your staff This is the final legislated Superannuation Guarantee rise — and it’s crucial to stay compliant to avoid penalties. PAY DAY SUPER 2026: Payday super refers to a proposed ch...

Setting up ATO Payment Plans

Tue, 04 Mar 2025 23:00:00 +0000

2024 Tax - Motor Vehicle Travel and Log Books

Wed, 19 Jun 2024 04:09:00 +0000

We would like to ensure that all clients have the right data this year to be able to make a claim using the Cents Per Kilometre method or Log Book Method. It is essential that you keep the correct documentation, please do not hesitate to contact our office if you need to check on any of the details or requirements. Log Book Flyer

Cents Per Kilometre Method of claiming - limit of 5,000kms per vehicle
Claiming travel under the "Cents Per Kilometre Method” please ensu...

2024 Working From Home Deductions

Wed, 19 Jun 2024 03:54:00 +0000

The ATO has made changes to the way that working from home deductions can be claimed by eligible taxpayers for the 2024 income year. If you have genuinely worked from home at any time from 1 July 2023 to 30 June 2024, you may be eligible to use the ATO’s revised fixed-rate (67 cents per hour) method to claim for: · energy expenses (i.e., electricity and gas) for lighting, heating/cooling, and to run electronic items used ...

Superannuation & 2024 Tax

Fri, 14 Jun 2024 05:00:00 +0000

If you want to claim a tax deduction for an end of year super payment, most super funds advise making the payments no later than 23rd June 2024, with some asking it be done by the 19th June 2024. This is because the payment must be made and processed by the super fund by 30th June 2024 and this ensures that you allow time for bank transfers and for the super fund to put the funds into your account. For businesses using super clearing houses, this may mean processing and paying...

Fringe Benefit Tax

Thu, 28 Mar 2024 05:00:00 +0000

On the 31st March 2024 the current fringe benefits tax year will come to an end. You will need to note down and advise us of your closing kilometres on any business owned/used vehicles and disclose any private usage of the vehicles or other business assets on the attached form. In cases where an entity has a number of employees or motor vehicles you may be considered an ATO audit target so it's important to track any private usage of business assets or benefits provided and make sur...

ATO 'Online Services for Business' replaces the ATO Business Portal

Mon, 11 Mar 2024 02:00:00 +0000

The ATO have advised they have upgraded the Business Portal to the new Online Services for Business. You will now need to use this platform to manage your business tax, super obligations and ATO mail online. Find out more here: https://onlineservices.ato.gov.au/business/ Like the business portal, you’ll need to use myGovID and relationship authorisation manager (RAM) to sign in to online services for business. Online Services for Business can be used to: ...

New Team Member!

Tue, 21 Nov 2023 21:00:00 +0000

As our client base continues to grow so has our team!

We welcome Lianne to Walters Accountants. Lianne has an extensive administration background along with a Certificate IV in Bookkeeping and Accounting, perfect for her role of Administration / Accounts Assistant.

Changes to Online Services for Businesses - November 2023

Sun, 19 Nov 2023 23:00:00 +0000

The Australian Taxation Office (ATO) is taking measures to enhance the security of its online services and protect users against fraud and identity theft. They have introduced a new feature in their Online services for business platform that allows businesses to better manage and control agent access to their tax and super affairs. The new process ensures that only authorised tax agents, BAS agents, or payroll service providers can link to a business's account and access their financial ...

2023 Working From Home Deductions

Wed, 05 Apr 2023 22:00:00 +0000

The ATO has made changes to the way that working from home deductions can be claimed by eligible taxpayers for the 2023 income year. If you have genuinely worked from home at any time from 1 July 2022 to 30 June 2023, you may be eligible to use the ATO’s revised fixed-rate (67 cents per hour) method to claim for: · energy expenses (i.e., electricity and gas) for lighting, heating/cooling, and to run electronic items used for work o...

2022 Tax - Motor Vehicle Travel and Log Books

Mon, 07 Mar 2022 02:00:00 +0000

In the 2022 (current) tax year with all the changes in travel Covid has caused, the ATO has advised that it is going to be focused on deduction claims for Motor Vehicle Travel and review Motor Vehicle Log Books.

We would like to ensure that all clients have the right data this year to be able to make a claim using the Cents Per Kilometre method or Log Book Method. It is essential that you keep the correct documentation, please do not hesitate to contact our office if you need to check o...

Are you sure your company details are current?

Fri, 21 Aug 2020 17:00:00 +0000

Details of every company registered in Australia are kept on our corporate register. Companies must ensure that the details held on our corporate register are kept up to date by telling ASIC of any changes to these details. The Corporations Act 2001 (Corporations Act) requires companies to tell ASIC of changes to details on the appropriate form, generally within 28 days after the change. See Information Sheet 20 Checklist for registered companies and their officers (INFO 20) for mo...

What information do you need to lodge to the ato and what documentation do I need to keep?

Fri, 21 Aug 2020 17:00:00 +0000

The short answer is talk to your Accountant and Tax Agent to get it right for your particular situation and absolutely everything that has anything to do with your business and tax. One of the most common concerns for both Individuals and Business alike is failing to lodge the correct information to the ATO or not being fully aware of the documents that they must retain to make sure that their claims are valid in case of Audit. We have seen this concern develop further over the last fe...

You need to know changes to superannuation

Fri, 21 Aug 2020 17:00:00 +0000

The changes to the superannuation (super) system, announced by the Australian Government in the May 2016 Budget have now received Royal Assent. These changes were designed to improve the sustainability, flexibility and integrity of Australia's super system. Most of the changes will commence from 1 July 2017. Your super is your future check to see if you are directly affected, or what these changes may provide for you to maximise your savings for retirement. An overview of the c...