Monthly Archives: July 2021

Employers beware: increase in super guarantee

With the advent of a new financial year, there is an important change from 1 July 2021 that employers should be aware of. The rate of super guarantee you’re required to pay your employees has increased from 9.5% to 10%. This is the minimum percentage now required by law but you may pay super at...
Read More

More COVID-19 support for individuals in NSW

With the extension of the NSW lockdown by another 4 weeks, both the Federal and NSW government has flagged extra financial support for individuals. Eligible workers will be in line to receive $750 a week if they lose 20 hours or more of work (up from $600 previously). Those that lose between 8 and less...
Read More

STP phase 2 coming soon

Single Touch Payroll (STP) was originally introduced in 2016 as a way for employers to report their employee’s tax and super information to the ATO in real time. Most employers, regardless of the number of employees were required to start reporting from 1 July 2021, this includes small employers with closely held/related payees. However, employers...
Read More

2021 COVID-19 micro-business grant now open 26 July 2021

The recently announced COVID 19 micro business grant is now available. All applications can be made from the Service NSW website. We have summarised how the grant works below Eligibility To be eligible for the grant, you must:
  • have an active Australian Business Number (ABN) registered in, or demonstrate your business was primarily operating in, NSW as at 1 June...
Read More