Payday Super is Coming: Steps your business needs to take 31 October 2024 Background In the 2023-24 Federal Budget, the Treasurer announced the launch of Payday Super, aimed at tackling unpaid superannuation and ensuring timely contributions. This initiative will take effect from 1 July 2026. Bear in mind the Superannuation Guarantee (SG) rate increases to [...]
Written by: Hall Chadwick Queensland Superannuation Guarantee (SG) As part of the Australian government’s long-term plan to ensure adequate retirement savings for employees, the SG rate has continued to rise. The most notable recent change occurred on 1 July 2024, when the SG rate increased from 11% to 11.5%. This increase is part of [...]
As we approach the end of the 2024 financial year, tax planning has never been more important. Now is a good time to think about opportunities and risks that should be addressed before 30 June 2024. To help you with this, our guide summaries some key tax planning tips which should be considered before [...]