Bookkeeping Features
From 1 July 2022, the standard Superannuation Guarantee (SG) rate increased from 10% up to 10.5%. 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%.
New legislation requires all company directors to apply for a unique Director Identification Number.
It seems as though lately almost everyone is talking about cryptocurrencies, telling you about their crypto investments, or asking you if you’re involved. However, when it comes to tax time, many people are either forgetting to declare their crypto investments or labelling them wrongly. If you are involved with cryptocurrency, the team at Smith Shearer are here to ensure that you are making smart decisions with your investments and declaring them correctly come tax time.
Is one of your new year’s resolutions to start using automations in your business accounting software?
Diving into the details of Capital Gains Tax (CGT) in Australia, especially if you own a large property over 2 hectares, might seem overwhelming at first. However, by understanding some basic rulings surrounding CGT, you’ll be able to plan wisely when it comes to selling your home.
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.
How to Spring Clean your business to improve efficiency (hint promote remote work and go paperless)
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%.
Reminder: Changes to the Super Guarantee
The ATO is reminding small business owners to pay the correct amount of superannuation for their eligible employees by the due date to avoid paying the superannuation guarantee charge (SGC).
Wondering why you need to make those 'PAYG Instalment' payments to the Australian Taxation Office (ATO)? We get it. The PAYG Instalment system can be a puzzle, especially if it's your first go-round or you're unsure about the payment amount.