August 25th 2021
The Tax Office is now using information received from superannuation funds sent when they receive superannuation guarantee (SG) contributions for employees and information via Single Touch Payroll (S..
June 9th 2021
As an employer, you should by now be ready to implement the +0.5% superannuation rate increase effect July 1 2021. If not, you need to urgently; Review your employee contracts or agreements to det..
February 3rd 2021
Since our previous article about paying your Superannuation on time, we have received a few questions regarding Super Guarantee Charge issues. Below are some answers and tips to the top 5 most freque..
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..
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