Your 9.5% super guarantee contributions must be received by your Super Fund by 28 July to avoid penalties. If you pay by 30 June then they are deductible in this current yearRead more
The government is allowing the early release of superannuation and a temporary reduction in minimum pension drawdown rates to help individuals deal with the adverse economic effects of COVID-19.
When establishing a self managed superannuation fund (SMSF), one central decision to be made early on is if the trustee structure is to consist of individual trustees or a corporate trustee. Between these choices, you can have up to four individual trustees, or one company that acts as trustee (with that incorporated body having up to four directors).Read more
It has been a long time coming, but a planned government amnesty for employers who have missed paying the superannuation guarantee (SG) to their employees has now become law. The amnesty was passed on 6 March 2020, and lasts until 7 September 2020.Read more
As of yesterday, the government announced the $1,500 JobKeeper subsidy to help keep staff employed. To be part of the subsidy, employers will need to ensure that their employees receive at least $1,500 per fortnight (before tax).Read more
Sole Traders – No Employees – Not Forgotten.
Can apply both business and individual support concessions.