On 1 July 2021, the super guarantee rate will rise from 9.5 per cent to 10 per cent. 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 is paid, not when the…
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The ATO has updated the following guidance on tax concessions for small businesses: Methods to determine if a business is a small business for the current income year Simplified trading stock rules for small businesses — overview of rules and estimating stock value Pay as you go (PAYG) instalments concessions Summary of concessions available to…
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Prime Minister Scott Morrison has revealed that he has reached an agreement on a mandatory code for the provision of rent relief by commercial landlords to tenants. On Tuesday, 7 April, Mr Morrison said the mandatory code agreed to with the national cabinet will be legislated and regulated as appropriate in each state and territory…
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