To our valued clients, Starting 01 July 2022, the superannuation contribution rate will increase to 10.5 per cent. A yearly 0.5 per cent increase will also take effect at the beginning of each financial year for the next three years for a final contribution rate of 12 per cent. Why a gradual increase? Employers in […]
The government is introducing a new requirement for directors called the Director ID, a unique identification number that will help prevent the use of false or fraudulent director identities. This will be implemented by the Australian Business Registry Services (ABRS) under the Australian Taxation Office (ATO). Who needs a director ID? Introduced in November […]
Small businesses, sole traders, and not-for-profit organisations affected by the COVID-19 Omicron wave in February 2022 may be eligible for payroll assistance under NSW Government’s Small Business Support Program. Those who qualify for the grant will receive one payment covering the four weeks of February 2022 only to help maintain employee headcount. What you’ll receive […]
