Auswild & Broad | Blog

‘Payday super’ will overhaul the way in which superannuation guarantee is administered. We look at the first details and the impending obligations on employers.

Will 2024-25 be another year of volatility or a return to stability?

The latest income tax cuts from the Australian Government apply from 1 July. 

On 15 March 2024, the ATO's Small Business Super Clearing House ('SBSCH') will roll out SMSF bank account validation.

Businesses that pay contractors to provide certain services may need to lodge a TaxablePayments Annual Report (TPAR) by 28 August each year.

The revised stage 3 tax cuts have passed Parliament and will come into effect on 1 July 2024.

The gender gap may be closing in SMSF balances (and at a much faster rate than APRA funds), but it's still a glacial pace. Class modelling shows that an early boost, combined with the magic of compounding, can redress the imbalance.

Just because an agreement states that a worker is an independent contractor, this does not mean that they are a contractor for tax and superannuation purposes, new guidance from the ATO warns.

The Government intends to introduce laws that will require employers to pay SG at the same, or similar time, as they pay employee salary and wages.

New Phoenix EOFY Payroll video tutorial & Weather Released on Phoenix Live App.