There are quite a few changes in the wind that small businesses need to know about from July 1st to stay on the right side of the tax man. Small changes around company taxation, business deductions and superannuation can have a big impact on the way you run your...
Superannuation
The 2nd $66.1bn Stimulus Package: What you need to know
The Government yesterday released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides cash flow support of up to $100,000 for small business employers, and relaxes...
Super Guarantee Amnesty: Now is the time to get payroll right
The super guarantee (SG) amnesty provides employers with a one-off opportunity to “self-correct.” Now is the time to ensure that your payroll is correct and there are no hidden SG issues looming. The amnesty applies from 24 May 2018 (the date of the original...
6 payroll changes employers need to know in 2020
A new suite of major changes to employee awards and legislation will come into effect in 2020 and small businesses must comply with them or face consequences by the Fair Work Ombudsman. Read on for the 6 payroll changes employers need to know in 2020! Legislation and...
The Super Guarantee timing trap for employers
How employers are being caught out by the timing of superannuation guarantee payments. Read on for the Super Guarantee timing trap for employers! Employers can generally only claim a deduction for superannuation contributions in the income year in which the...