Those of you whom employ staff need to be ready for Single Touch Payroll (STP) Phase 2 reporting, which starts from 1 January 2022. New guidelines explaining the changes and what they mean for employers are now available. STP Phase 2 reporting means changes to the way employers report: amounts paid to staff – items such […]
Category Archives: Tax
26
May
May
The expansion of STP also referred to as STP Phase 2 (Single Touch Payroll) will be mandatory January 1st 2022. So what does this mean for employers? In short, there’s not a lot that needs to be done right now. The ATO are working with software providers who will update their STP-enabled software to comply […]
From July 1st 2021 superannuation guarantee increases to 10%. This will be followed by incremental half percentage point increases each year to 12 per cent on 1 July 2025. Employers need to be aware and start planning immediately. This change will impact their employee remuneration arrangements from 1 July 2021 and there will need to […]
25
May
May
Year end is looming. Be prepared as you can to avoid the year end blues.
01
Dec
Dec
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 […]
08
Jul
Jul
BUSINESS BULLETIN – Winter 2020
