For any small businesses with less than 19 employees, you are able to use this service free of charge.   Follow this link for more information. http://www.humanservices.gov.au/business/services/medicare/small-business-superannuation-clearing-house/

The Australian Taxation Office has released the new rates applicable for redundancy payments for the 2012-2013 Financial Year.   2012-2013 Summary Guide – Taxing payments made under a redundancy The above is the maximum amount that can be paid as the taxable component (post-1983) of a life benefit ETP and receive concessional tax treatment. Any … Read more

A number of eagle-eyed subscribers have contacted us about an article that appeared in some newspapers yesterday stating that the superannuation contribution rate will rise to 9.5% from 1 July 2012. This is incorrect. The rate change is not proposed to commence until 1 July 2013 and then it will be an initial rise of … Read more

Paid personal/carers leave is available to staff (excluding casuals) not only where they are unfit for work due to injury or illness but also to provide care or support to a member of their immediate family or household, because of an illness, injury or an unexpected emergency. A natural disaster such as the floods will … Read more

Interesting information from the ATO in regards to what your superannuation obligations are with contract workers.   http://www.ato.gov.au/content/00292769.htm

Alltech Outsourced Solutions is working towards streamlining the process of paying superannuation. Follow this link to find out more http://www.clicksuper.com.au/