Increase To Super Guarantee From 1 July 2024

Increase To Super Guarantee From 1 July 2024

In recent years, the superannuation guarantee (SG) has gradually increased by a set percentage. This increment is part of a continuous rise toward reaching 12% gradually, predicted to be achieved by 2025. This gradual approach allows businesses ample time to...
Be Aware: Changes To PAYG From 1 July

Be Aware: Changes To PAYG From 1 July

Significant changes are coming to your Pay As You Go (PAYG) withholding cycle, effective 1 July 2024. The Australian Taxation Office (ATO) regularly reviews PAYG withholding cycles based on businesses’ annual withholding amounts. Your reporting and payment obligations...
10 EOFY Tasks For Your Business’s Checklist

10 EOFY Tasks For Your Business’s Checklist

As the end of the financial year approaches, businesses face a flurry of tasks and respon-sibilities to ensure a smooth transition into the new fiscal period. To help navigate this critical period effectively, it’s essential to prioritise specific tasks that can set...
Self-Employment & Superannuation Before The EOFY

Self-Employment & Superannuation Before The EOFY

As the End of Financial Year (EOFY) approaches, self-employed individuals have a unique opportunity to bolster their retirement savings and take advantage of significant tax benefits. While the self-employed may not have the automatic superannuation contributions that...