Documentation to give to new employees - you can copy and paste this in an email or include in their contracts.

The ATO has provided a handy one-page guide on how to find STP information and resources.

The 3.0% increase applies to employees that get their pay rates from:

• the national minimum wage

• a modern award.

The national minimum wage applies to employees who aren’t covered by an award or agreement.

For employees covered by an award, award rates will increase by 3.0%. If you’re not sure which award applies, use Find my award.

If you’re covered by a registered agreement, you should check it to see whether this increase affects you.

The increase doesn’t affect employees who already get paid more than the new minimum wage.

Using the simplified depreciation rules, assets costing less than the relevant instant asset write-off threshold are written off in the year they are first used, or installed ready-for-use. This threshold applies to each asset irrespective of whether the asset is purchased new or second-hand.

There’s 3 significant dates to get your head around this financial year.

Confused about what to have or add on your tax invoices to clients?

What the Hell is Single Touch Payroll (STP)