Are you ready for July 1 changes to Super?

The amount employers pay and employees may additionally contribute to superannuation balances changes on July 1, 2022. Now is a good time to talk with your team, check their agreements and prepare your payroll systems. Recap Generally, superannuation contributions must be paid for: an employee aged 18 or over who earns $450 or more [...]

2022-05-31T15:57:03+10:00May 12th, 2022|Payroll|

Have you hired an employee or a contractor?

Hiring an independent contractor may seem like a simpler method than hiring a full-time or part-time employee for a business. Or is it? This is because there is a general assumption that, if hiring an independent contractor, they will not be responsible for PAYG withholding, superannuation guarantee payments, payroll tax and workers' compensation obligations. [...]

2022-05-31T16:04:07+10:00May 4th, 2022|Business Update|

INSIGHTS: SME Business Matters | Strategies for your business

SME Business Matters | Strategies for your business Sentiments in the SME sector are heading in the right direction after the Delta hiccough. As we emerge from lockdown hibernation and the service and retail sectors open, the long awaited momentum is building. In this edition of SME Business Matters, we discuss: Implementing [...]

NFPs and income tax exemption: Time to reassess self-assessment

There is a common misconception held by many NFPs that being a NFP, they are exempt from paying income tax. From 1 July 2023, the Self-Assessing NFP measures will change and those organisations who have incorrectly self-assessed as being income tax exempt may potentially expose themselves to retrospective penalties and interest charges. [...]

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