superannuation guarantee charge

Increase to the super guarantee rate

Accounting, Business, Small Business, Superannuation / By Jason Hargreaves

Although not announced as part of this year’s Federal Budget, it’s important for employers to note that the superannuation guarantee (SG) rate will increase from the current 10.5% to 11% on 1 July 2023. Employers will need to remember to update your payroll system to comply with this increase. The new SG rate applies […]

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ATO ramps up heat on directors

Business, Taxation / By Jason Hargreaves

Throughout March, the ATO sent letters to directors who are potentially in breach of their obligations to ensure that the company they represent has met its PAYG withholding, superannuation guarantee charge, or GST obligations. These letters are a warning shot and should not be ignored. The director penalty regime ensures that directors are personally

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