‘Cash in hand’ payments to workers no longer tax deductible
The ATO has reminded employers that any ‘cash in hand’ payments made to workers from 1 July 2019 will not be tax-deductible.
‘Cash in hand’ refers to cash payments to employees that do not comply with pay as you go (‘PAYG’) withholding obligations.
Single Touch Payroll – Are you ready?
Employers with 19 or fewer employees are now required to start reporting through Single Touch Payroll (STP) from 1 July 2019.
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