by Team Garnet | Mar 31, 2022 | Money, Small Business, Superannuation
From 1 July 2022, the minimum threshold at which an employer has to pay super under the super guarantee scheme will be removed. How will it benefit you? Low-income employees should rejoice that the minimum threshold at which an employer has to pay super under the...
by Team Garnet | Oct 27, 2021 | Business Structures, Small Business
The Director Identification Number regime is coming, with the application process to open soon. Do you know if it applies to you and what the deadlines are? The Director Identification Number regime came into force late in 2020 as a tool for the government to reduce...
by Team Garnet | Sep 30, 2021 | Business Structures, Small Business, Superannuation
There’ll soon be an extra step for employers that hire new employees in relation to the recent stapled super fund changes. Employers beware, from 1 November 2021, if you’re hiring new employees, there may be an extra step involved in determining which super fund...
by Team Garnet | Jul 29, 2021 | Superannuation
Employers with manual payroll processes beware, the rate of super guarantee has increased to 10%, make sure you’re not underpaying super and avoid penalties. With the advent of a new financial year, there is an important change from 1 July 2021 that employers should...
by Team Garnet | Jul 23, 2021 | Tax News
Have you made a donation through workplace giving or a salary sacrifice arrangement? What you can deduct on your tax return may differ. With tax time well and truly upon us, many of us will be looking at what deductions we can claim in this year’s tax return. If...
