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The NSW Government has announced new grants package to help small businesses and people across NSW impacted by the current COVID-19 restrictions. The package includes grants of between $5,000 and $10,000 for small businesses, payroll tax deferrals for all employers. Three different grant amounts will be available for small businesses depending on the decline in turnover experienced[…]
Changes to STP reporting from 1st July From 1st July this year, most small businesses will need to be Single Touch Payroll (STP) compliant. Micro Employers (0-4 employees) were able to report quarterly. This automatic concession ceases as of 1st July. Closely Held Payees must adopt one of the new reporting options. It is a requirement to[…]
The Superannuation guarantee rate is set to rise from 9.5% to 10% effective from 1st July 2021 and will continue to increase yearly until July2025 as per below table Period Superannuation Guarantee (%) 1 July 2020 – 30 June 2021 9.5% 1 July 2021 – 30 June 2022 10% 1 July 2022 – 30 June 2023 10.5%[…]
