January 20th 2021
Since our previous article published December 14th 2020, we have received a few questions regarding Super Guarantee Charge issues. Below are some answers and tips to the top 5 most frequently asked q..
December 14th 2020
This is a reminder that employers need to pay their super guarantee obligations on time otherwise, they could be up for significant penalties. Super guarantee contributions must be made to a co..
September 15th 2020
The Tax Office has revealed that there was a jump in the number of auditor contravention reports issued during the 2020 financial year with a total of 36,716 contraventions reported by 12,664 self-ma..
March 31st 2020
On 22 March 2020 the Federal Government announced that the minimum pension drawdown rates would be halved for the 2019/2020 and 2020/2021 financial years. This is due to many retirees losing a signifi..
February 14th 2020
The Australian Taxation Office (ATO) has announced that it will be contacting a number of Self Managed Superannuation Funds (SMSF) where their records indicate that 90% or more of an SMSF’s funds ar..
March 19th 2020
Planning for your retirement can be assisted by making additional superannuation contributions during your younger years. There are a number of ways to help boost your superannuation balance and ta..
February 14th 2020
Superannuation does not have to be time consuming or difficult. The ATO has published the five-step super check to assist individuals manage their current super now and provide a better future in ..
March 19th 2020
Super Stream is a government initiative that requires employers to pay and report superannuation for employees electronically. It came into force on the 1st of July '15 for larger employers, and is..
March 19th 2020
The most common unnecessary audit that I see in the industry is in relation to business owners not paying their employee super on time. This is usually a problem to do with cash flow. Why is this i..
March 19th 2020
You have probably seen or read in the news over the last 6 months the Government’s proposed changes to the superannuation laws and landscape. The superannuation bills covering the final determine..
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