Super changes for New Employees from 1.11.21

Super changes for New Employees from 1.11.21

From 1st November, if you have any new employees start work with you and they don’t nominate a specific superannuation fund, you may need to request their ‘stapled super fund’ details from the ATO. As an BAS Agent, we can help you with this. Choosing a super fund Most...
Prepare for Finalising 2021 Single Touch Payroll STP

Prepare for Finalising 2021 Single Touch Payroll STP

It’s nearly time to make a finalisation declaration for Single Touch Payroll. There is no need to issue payment summaries to employees you have reported through STP.   Employers must complete the finalisation declaration by 14 July. The extended due date that small...
Super Guarantee Rate is Set to Rise from July

Super Guarantee Rate is Set to Rise from July

The superannuation guarantee statutory rate has remained at 9.5% since July 2014. However, plans have been in place for some years now, to increase the rate to 12% incrementally. In July 2021, the rate will rise to 10%. From then on, the rate will increase by 0.5%...