Jul 1, 2022 | News, Taxation, What's New
From 1 July 2022, two important super guarantee (SG) changes will apply to your business. These are: the rate of SG is increasing from 10% to 10.5% the $450 per month eligibility threshold for when SG is paid is being removed. What this means for you These changes...
Mar 21, 2022 | News, Taxation, What's New
From 1 July 2022, employees will receive super regardless of their earnings. You will need to pay super to your employees who earn less than $450 per month, provided they meet other eligibility...
Apr 17, 2020 | News, Taxation, What's New
CAN TRUSTS RECEIVE THE JOBKEEPER PAYMENT? rusts can receive the JobKeeper Payments for any eligible employees. Where beneficiaries of a trust only receive distributions, rather than being paid salary and wages for work done, one individual beneficiary (that is, not a...
Apr 16, 2020 | News, Taxation, What's New
I AM A COMPANY DIRECTOR THAT RECEIVES DIRECTOR FEES. AM I ELIGIBLE? An eligible business can nominate only one director to receive the payment, as well as any eligible employees. Only one person in a director capacity may receive the payment and that individual may...
Apr 16, 2020 | News, Taxation, What's New
CAN EACH PARTNER RECEIVE A JOBKEEPER PAYMENT? No. Only one partner can be nominated to receive a JobKeeper Payment along with any eligible employees, noting a partner cannot be an employee. WHEN WILL THE JOBKEEPER PAYMENT COMMENCE? The JobKeeper Payment will be...
Apr 16, 2020 | News, Taxation, What's New
AM I ELIGIBLE FOR THE PAYMENT? Yes. People who are self-employed will be eligible for the payment provided, at the time of applying, they: estimate their GST turnover has or will fall by 30 per cent or more; had an ABN on or before 12 March 2020, and either had an...
