AFS NEWS | Your partners in success

Tax debts to be revealed to credit agencies

  Your tax debt will impact your credit rating There are a number of changes happening at the Australian Tax Office (ATO) at the moment. A rather important one for a lot of business owners is that from 1 July 2017, the Government will allow the ATO to disclose tax debt information to Credit Reporting Bureaus.

Client Update – April 2017

As April arrives Queenslanders are clearing up after the devastation of Cyclone Debbie which damaged homes, businesses and agricultural crops. Our thoughts and best wishes go out to all those affected. Our April update includes a very special front page, as we introduce our first Chief Executive Officer of the firm, Kate Mannix.

Changes to Working Holiday visas

New obligations apply for working holiday makers and their employers. Last September the Treasurer announced that from 1 January 2017 working holiday makers would be taxed at 19% on earnings up to $37,000. Then, in November it was announced that there would be a further tax rate cut from 19% to 15%.

Introducing our new CEO

AFS & Associates is excited to announce the appointment of Kate Mannix as its first ever Chief Executive Officer. This position is a first for the firm which has operated for over 70 years.

Client update – February 2017

It’s hard to believe it’s February already, with the nation back at work and kids back at school after the summer holidays. Casual cash quarter This casual cash quarter we are recognising the hard work that our local firefighters do, especially during the warmer months. We will be supporting our local Lockwood and Maiden Gully […]

Payroll reporting changes on the way

As of 1 July 2018 if you are a ‘substantial employer’ – i.e. employ 20 or more employees, you will be required to report your payroll using Single Touch Payroll (STP). This means, when you pay your staff, the employees’ salary and PAYG withholding amounts will be automatically reported to the Australian Taxation Office (ATO). […]