by Jayne Kilsby | May 5, 2022 | Business
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...
by Jayne Kilsby | Mar 24, 2022 | Business
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...
by Jayne Kilsby | Jun 4, 2021 | Business
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....
by Jayne Kilsby | Jun 2, 2021 | Business, Employment
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...
by Jayne Kilsby | May 23, 2019 | Business, Employment
During the 2018/19 year, Employers will commence reporting payroll information to the ATO. This does not apply to you until you are advised by your employer! This does not make any difference to how and when you get paid! Employers are required to start using this...
by Jayne Kilsby | May 5, 2019 | Business
The Single Touch Payroll (STP) is law and applies to all employers. Who? All employers must participate. “substantial” employers, (20 or more employees by headcount), The count happens as of 1 April, 2018. they should enter STP during the year 1 July 2018 to 30 June...
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