by smithfeutrill | Jun 10, 2024 | Business
As the End of the Financial Year (EOFY) approaches in Australia, businesses must gear up to meet their tax obligations efficiently and accurately. This period can be hectic, but with careful preparation, you can ensure compliance with Australian Taxation Office (ATO)...
by smithfeutrill | Jun 7, 2024 | Super
On 1 July 2024, the super guarantee (SG) rate will increase from 11% to 11.5%. Some pay periods will cross over between June and July when the rate changes. The ATO advises that the percentage employers are required to apply is determined based on when the employee...
by smithfeutrill | Jun 4, 2024 | Super
As the End of the Financial Year (EOFY) approaches, employers and self-employed individuals must ensure their superannuation contributions are processed efficiently and on time. Utilising a superannuation clearing house can streamline this process, ensuring compliance...
by smithfeutrill | Jun 4, 2024 | Business
Law firm Quinn Emanuel are running a class action against the Victorian Government, the Hotel Quarantine (Business Losses) Class Action. Businesses that suffered losses as a result of the second wave lockdowns in Victoria (July 2020 – October 2020), may be...
by smithfeutrill | May 28, 2024 | Tax
In a move aimed at bolstering small business cash flow and reducing compliance costs, the Government has announced an extension of the $20,000 instant asset write-off for another 12 months. This extension, part of the 2024–25 Budget released on 14 May 2024, will see...
