Get ready to provide employees super choice Recent amendments to the law will give more Australians the opportunity to choose their own superannuation fund – preventing them from being locked into a specific super fund under the terms of an enterprise bargaining agreement. New workplace determinations and enterprise agreements made on or after 1 January 2021 […]
BUSINESS BULLETIN – Winter 2020
The instant asset write-off threshold has been increased from $30,000 to $150,000 and expanded access to include businesses with aggregated annual turnover of less than $500 million (up from $50 million). This applies from 12 March 2020 until 30 June 2020, for new or second‑hand assets first used or installed ready for use in this […]
If you haven’t paid the right amount of super guarantee (SG) to your workers, the SG amnesty is the time to come forward. If you disclose shortfalls during the amnesty, you can rectify past unpaid SG without incurring charges or penalties. The SG amnesty runs until 6th September 2020 however applications are accepted until 11.59pm […]
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