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Superannuation Planning

How Can Employers Prepare for Superannuation Changes Coming into Effective on 1st July 2022?

The new financial year begins on the 1st of July 2022 and will bring changes to superannuation in Australia that will affect employers and their employees. These upcoming changes include the removal of the $450 per month Superannuation threshold plus the increase in the Superannuation Guarantee (SG) from 10% to 10.5%. Employers are encouraged to […]

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Superannuation Obligations

Tax and Superannuation Obligations For Employees Who Receive Covid 19 Vaccination Incentives and Rewards

There is no denying Covid 19 has hugely changed the world. As businesses navigate their new normal, many employers have chosen to give incentives or rewards to employees vaccinated against Covid 19. There are different forms of incentives and rewards employees may receive and depending on how they are issued, they may have tax and

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Woman doing accounting

The Importance of a Good Invoicing System to Ensure Steady Cash Flow in Your Business

There are many components of running a business that go hand in hand. Many business owners assume if sales are constant or growing, a steady cashflow will follow however, this is not always the case. If your business doesn’t require payment at the time of sale, your invoicing system will impact when and how you

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woman doing finance accounting

How Working With a Bookkeeper Can Add Value to Your Business

While a bookkeeper may not seem necessary to keep a small business operating, a professional and experienced bookkeeper performs key functions that can add exponential value to your business, especially as it grows. While there are many benefits of engaging a professional bookkeeper for your small business, here are 5 benefits to small business owners

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concept of payroll

Do I Have to Issue a Pay Slip Each Time an Employee is Paid?

If your business has employees, it’s important to have a thorough understanding of managing your payroll. By law, you must ensure you are paying your employees correctly plus following all the requirements regarding paperwork and record keeping. A common question asked by small and medium business owners, is what the requirements regarding payslips are? Pay

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