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Super for Employees who are under 18

Super for Employees who are under 18

From 1 July 2022, you will need to pay super for your employees who are under 18 years old if they work more than 30 hours for you in a week. This is because the $450-per-month threshold for super guarantee is being removed. Employees who are under 18 will be eligible...
Updating your ABN

Updating your ABN

It can be an easy oversight to forget to update the ABN details in the Australian Business Register (ABR) when your business situation or circumstances change. A businesses ABN details are used by emergency services and government agencies to help identify businesses...
Debits & Credits Cheat Sheet

Debits & Credits Cheat Sheet

Asset accounts have debit balances. Debits increase Asset accounts. Credits decrease Asset accounts. Liability accounts have credit balances. Credits increase Liability Accounts. Debits decrease Liability Accounts. Equity accounts have credit balances....
Super Guarantee to Increase To 10%

Super Guarantee to Increase To 10%

The minimum percentage of Super employers are required to pay is set to increase over time, with the next increase to 10% due on 1st July 2021. This should be considered in part, a wage increase. What This Means for Small Business The proportion of wages that...