Tradies may be feeling apprehensive about how the introduction of Single Touch Payroll (STP) will affect their usual payroll management and reporting, but with big change comes big opportunities. Let’s begin with the big picture. STP is all about increased visibility and automated information sharing. Real-time data is sent to the Australian Tax Office (ATO)… Read more »
The Block’s Darren Jolly gives his insights on common mistakes tradies make that can cost them business and his top tips for tradies to improve their reputation in the eyes.
From 1 July, sole traders and contractors will be able to lodge their tax returns using myTax portal.