News

Many announcements have been made over the past few months, including the Federal Budget, and these have led to confusion about what is and is not changing. We have provided details below about what the status of those changes are and what will apply from 1 July 2014.   Superannuation guarantee rate The minimum rate … Read more

The superannuation guarantee contribution rate increases from 9.25% to 9.5% from 1 July 2014.  Whilst the Budget included a proposal to defer any future increases for four years, that proposal will not affect the 9.5% rate which is currently legislated. Superannuation examples We had a number of queries about how the change in the superannuation … Read more

The superannuation guarantee contribution rate will increase to 9.5% from 1 July 2014. It is then proposed that the rate will remain at 9.5% until 30 June 2018, and then increase by 0.5 percentage points each year until it reaches 12%.

Some employees may have a tax variation in place which reduces the amount of PAYG tax withheld from their total wages or from a particular allowance. These variations generally apply for one income year only. As your employees may not actively monitor this area, it is a good idea to check and send an email … Read more

This year we are sponsoring the Tahmoor Under 7 soccer team. From all reports, this team could be heading to Brazil this year.

Q/ Our employees were required to work on a recent public holiday. A number of them called in “sick” on the day. Can we deduct a day of leave from their personal/carer’s leave balance or do we have to pay them for the public holiday. A/ You will have to pay them for the public … Read more