STP Phase 2

STP Phase 2 will come into affect for all Australian Businesses on the 1st of July 2021. InterAcct are set to meet this deadline and have the changes rolled out to all of our clients well before this date. If you have any questions please contact the Support Department. 

Christmas 2020

With the Sydney Lockdown in affect this week staff are all safe and well working from home. We will at work until Wednesday afternoon and then back in the office on Monday the 11th of January. Urgent Support requests will still be actioned over this time. Stay Safe and we will see you in the new year. 

 

New Tax Tables

InterAcct Software has the new tax tables based on the changes in legislation.

 

Changes to personal income tax thresholds announced by the Government during the Federal Budget have been incorporated into the withholding schedules and tax tables and will apply to payments made on and from 13 October 2020.

As the changes to withholding are made part way through the income year, employers and other payers who are unable to immediately implement these changes into their payroll will have until 16 November 2020 to do so.

Employees and other payees will receive their entitlement to the reduced tax payable for the entire 2020–21 income year when they lodge their income tax return.

Upturn

I hope that as restrictions start to ease off that business will return to normal.

We have certainly seen a steep increase in consumer confidence in the last week due to the government grants and payments coming through. We hope that you are all doing well and ready to get back to work.

JobKeeper

Many clients have asked us about the JobKeeper system. With InterAcct Software STP running the ATO has all of the information to quickly lodge for JobKeeper through their online portal. Within a few minutes its all lodged and just waiting for the ATO to process the payment. 

 

Contact us if you need more information. 

Covid-19

At InterAcct Software things are still fairly normal. We are still open and providing support to our clients. For training we are moving to train most clients remotely rather than face to face and some staff are working from home/remotely. But otherwise its full steam ahead.

If you would like to take the chance to get started with the software or continue with support we are here and happy to help.