You may have seen that recently the ATO announced changes to the way businesses must now report Single Touch Payroll (STP). There is a chance this might affect reporting for your business, so to clear up any confusion, we’ve put together the below information to help you work out what you need to do.
From 1 July 2021, the standard Superannuation Guarantee (SG) rate will increase from 9.5% up to 10%. It’s part of the government’s commitment to increase the SG by half a percent each year until 2025, when the SG rate will reach 12%.
It’s Mothers Day this weekend (time to panic buy flowers if you had forgotten!), and while it’s a great time to celebrate the mothers in your life, it’s also a timely reminder for us all to recognise the value that working mums bring to the workplace every day of the year.