Dad and Partner Pay
On 1st January 2013 the Federally Funded Dad and Partner pay came into effect. This allows for up to two weeks pay based on the National Minimum wage (currently $606.40 per week).
Employee Versus Contractor
According to the ATO, a significant number of businesses they visited last year had workers incorrectly engaged as contractors instead of employees. If allocated correctly this can save money, however, can be a costly mistake costing businesses in penalties for failing to comply with superannuation and tax obligations. Visit the ATO site now to take […]
Superannuation Guarantee Contributions -July 2013 Changes
The Government has made the following changes to Superannuation Guarantee Contributions that will come into effect in July 2013:- – an increase in the super guarantee rate from 9% to 9.25% and a gradual increase to 12% over the following six years– removal of the existing upper age limit for paying super for an employee […]
Changes to Tax Rates 2012/13
From July 2012 the following changes will apply: The Flood levy imposed to help pay for damages caused by the Queensland floods will cease. The 2012/13 Tax rates will vary considerably with the Tax free threshold increasing from $6000 to $18200 and all subsequent brackets are also changing, please see here for the updated rates. There […]
