Our Team
Steve Payne
Advisor
Steve Payne, qualified Fellow of IPA, field of expertise includes tax advice and business services to corporate advisory engagements, with focus areas in Small Business Entity and Fringe Benefits Tax issues. Having spent the past 30 years in banking, as a client manager in small to medium accounting practices and as Financial Controller/Manager of a manufacturing business, he has a broad experience base to draw on in advising and assisting you in guiding your business operations.
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Lifestyle Asset Purchases - Is the ATO watching you?
Taxation and Compliance
The Australian Taxation Office (ATO) has published a notice in the Commonwealth Gazette on 14th July 2021, detailing a new data matching program, that will extract data from insurance policies held on “lifestyle assets” (eg motor vehicles, marine vessels, aircraft, horses, artworks).
By Steve Payne
Personal Property & Securities Register (PPSR) Do you really know who owns that asset?
Business Advisory
Although we have been operating under the Personal Property Securities Act 2009 (Cth) (PPSA) for a number of years (became law 30 January 2012), this area of law continues to generate disputes because of the complexity of the legislative regime and the ramifications of being an unsecured creditor of an insolvent entity.
By Steve Payne
Construction Industry Stimulus Home Builder Program
Private Advisory Services, Property, Construction and Building Services
The Federal Government has unveiled its HomeBuilder scheme, which has been designed to help Australia’s Residential Construction Industry bounce back from the Corona Virus crisis
By Steve Payne
Director Penalty Notices (DPN): Coverage to be extended
Business Advisory
Whilst Director Penalty Notices (DPN) have been around for some time, protecting employees by ensuring the payments due to be remitted on their behalf are made, recent legislation changes have extended the DPN regime to include unpaid GST.
By Steve Payne
Payroll tax issues for Medical Centre business arrangements
Taxation and Compliance
Recent events highlighted in “Accountants Daily” by Matthew McKee of Brown Wright Stein Lawyers, has changed the understanding and treatment of some aspects of medical centre operations.
By Steve Payne
Holding Costs for Vacant Land from 2020 - Government denies deduction claims
Taxation and Compliance
In the May 2018 Federal Budget, the Government announced that from 01 July 2019 (ie the 2020 income year), it would be looking to deny deductions for expenses associated with holding vacant land.
By Steve Payne
Qld Building & Construction Commission - Changes to Reporting Requirements
Property, Construction and Building Services
In 2014, the reporting requirements for licensees were reduced and since this reduction in compliance has been in place, the QBCC has had to deal with numerous high-profile insolvencies. Additionally, there have been a number of phoenixing activities which have come to light, further requiring the QBCC to tighten its controls and reporting, in addition to sharing data with the ATO and ASIC to try and put a halt to these arrangements.
By Steve Payne
Single Touch Payroll Is Coming – Are You Ready?
Taxation and Compliance
Single Touch Payroll (STP) is a system of reporting employer payroll obligations to the Australia Taxation Office (ATO) on a more frequent basis.
The implementation is an initiative by the ATO to streamline the reporting for employee payroll commitments, for the components of salaries & wages, PAYG Withholding (PAYG-W) and Superannuation.
By Steve Payne
New Years Resolution: To Avoid Sophisticated Email Scams …
Taxation and Compliance
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By Steve Payne
FBT 2019 : Utes are No Tax-Free Perk
Taxation and Compliance
Although we are already one quarter into the Fringe Benefits Tax (FBT) Year, which runs 01/04/XX to 31/03/XX, the ATO have sought to clarify their position on a perceived “perk” in relation to FBT payable on employer-provided / salary packaged motor vehicles.
By Steve Payne
Home to work travel claims?
Taxation and Compliance
The ATO has announced that it will be closely scrutinizing Motor Vehicle deductions claimed in the 2017/18 income year.
By Steve Payne
The value of a good car log book
Taxation and Compliance, News
As the end of the Fringe Benefits Tax (FBT) year is fast approaching, it’s time to once again turn at least part of our attention to the collation and submission of data relating to benefits provided to employees.
By Steve Payne
Labour Hire Arrangements – Do you need to Register?
Business Advisory
Recent changes under the Queensland Labour Hire Licensing Act 2017 has meant that from April 2018, all employers who engage in the hire of labour to other entities will need to be registered.
By Steve Payne