LiveWire

Tax free threshold increases to $18,200

Hi All,

With the recent May 2012 Federal Budget, the government announced that the tax free threshold for Australian residents will increase from 1st July 2012 to $18,200. This should see a nice saving of tax for low income earners.

What you may not realise, is if

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Get a free website in 15 mins – no catch, no dramas

Here’s the perfect way to get a website for your business without the hassle or the cost.

Did you know 75% of Australians look online before purchasing products or services, but only 38% of Australian businesses have a website? A lot of  revenue goes to businesses

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Are you in the building and construction industry?

From 1 July 2012, businesses in Australia, who are in the building and construction industry need to report to the ATO each year, the total payments they make to each contractor for building and construction services.

Businesses need to report if they:

are in the building and

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Emailing payslips – now just a click away!

A recent update to LiveAccounts means you can now easily print and email individual payslips to your employees. We’ve outlined below how easy it is to do.

1. Firstly, go to the Payroll > Payroll Settings menu option.

2. In Payslip email setup, type in the text you

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LiveAccounts product update – what’s on the go?

Hello!

It’s been an incredibly busy time here in the LiveAccounts development room. We really hope you’re enjoying the changes we’re making.

As you’re probably aware, our main development work recently has  been around payroll. We were so excited to release payroll for our New Zealand clients

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Increase in tax free threshold

During budget week, the government raised the tax free threshold from $6,000 to $18,200. This means employees don’t start paying income tax until they earn over $18,200. That represents a great tax saving – however in true yin/yang style, some tax rates have gone up.

Below

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