Jul 1, 2021 | retirement, Small Business, Superannuation
Super guarantee rate increase to 10% On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% – the first rise since 2014. It will then steadily increase each year until it reaches 12% on 1 July 2025. The 0.5% increase does not mean that...
Jun 1, 2021 | Superannuation, Taxation
The end of the 2020/21 financial year is fast approaching and with company tax rates for eligible small businesses to reduce from 26% to 25% there is an additional incentive to undertake some tax planning before it is too late. With eleven months of the financial year...
May 17, 2021 | Self Managed Super Funds, Superannuation
We often get questions from clients about what they can and cannot do in their SMSF. Often the questions relate to related party transactions – that is, interactions between the SMSF, its assets, and its members (or relatives of members). We’ve set out some of the...
Mar 17, 2020 | Taxation, Superannuation
As the Coronavirus situation continues to evolve, we have no doubt that it is going to have significant and long lasting impacts on your business. Social distancing and self-imposed isolation will mean that your clients and customers will be reluctant to venture out...
Feb 27, 2020 | Superannuation, Employers
Amnesty for employers on Superannuation Guarantee A new bill has passed the Senate, granting employers a one-off amnesty to voluntarily disclose unpaid superannuation contributions. Nearly two years since it was introduced to Parliament, the Treasury Laws Amendment...
Feb 24, 2020 | Superannuation
Accountants: There are new rules on FBT calculation method in play New rules on the FBT calculation method puts onus back on clients to make sure valuations are correct when it comes to car parking fringe benefits. Here’s what accountants (and their clients) need to...
