Superannuation guarantee increase on 1 July
Employers should turn their attention to managing the superannuation guarantee (SG) increase which comes into effect on 1 July.
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Key FY21 changes to note
HAPPY FY21! Some changes help minimise tax. Others reduce exposure to an ATO tax audit. We have outlined these action points to assist you. Please carefully consider this information and contact us immediately if you have any questions we can answer or assist.
SBSCH USERS Deadline reminder to claim your tax deduction
Small Business Superannuation Clearing House users – want to claim a deduction for superannuation contributions? Your super payments must be accepted by 23 June 2020.
Summary of COVID-19 stimulus announcements
Please review our summary of economic stimulus as each currently stands and contact Carrick Aland to discuss further your options and what may be available for you. We have outlined details for 13 Federal and State Government initiatives.
Bushfires November 2019
If your business or residential address is in one of the bushfire impacted postcodes, the ATO will automatically grant a two-month deferral for activity statements lodgments and payments due.
Have you got employees who salary sacrifice into super?
Employers should take note of the new rules that became law on 28 October 2019, regarding the application of compulsory superannuation guarantee to salary sacrificed superannuation amounts.
New Superannuation Personal Liability Regime
NEW changes have far-reaching consequences for Directors of Companies who employ staff. Contact us if you have any concerns regarding your exposure to ATO liabilities.
Important End of Financial Year Actions
Another financial has finished! As a business or farm owner, there are many obligations you need to consider and action just before and after 30 June.