Are you eligible for concessions for employing new staff?

If you are hiring more staff and increasing your business’s capacity, then you might be interested to know that Mike Baird is giving you a $2,000 grant per new full-time equivalent position. This will be effective from 1 July 2015. The requirements to access this grant are as follows: • You are not registered or paying payroll tax; • The … Read More

SUPERSTREAM

Will you be paying and reporting your staff’s super contributions correctly from 1 July 2015? Is your payroll/super software SuperStream ready? Employers will be required to use SuperStream to send contribution data and make payments electronically (using e-commerce standards) for all their staff. The ATO can impose administrative penalties for those failing to comply with the new SuperStream standard. All … Read More

SuperStream – effective from 1 July 2015

From 1 July 2015, employers will be required to use SuperStream to send contribution data and make payments electronically (using e-commerce standards) for their staff. All superannuation funds (inclusive of self-managed super funds) must only accept contributions electronically in accordance with the SuperStream standard. The following three key e-commerce details must be provided to the employers: your super fund’s Australian … Read More