Upcoming Important EOFY Changes: Superannuation will increase from 10% to 10.5% as at 1 July 2022 Superannuation threshold currently $450 per month (or $350 for hospitality) will be abolished meaning staff earn superannuation from the first cent they earn From 1 July 2022, you must pay super on payments you make to an employee aged […]
On 23rd February 2021, after 10 years, Receipt Bank has a name – Dext Prepare! Here at Accurate Balance we have been using Receipt Bank with all clients for the past 4.5 years. It’s your digital filing cabinet, keeping all of your documents secure for 7 years! It’s also how you get your documents to […]
Want to claim a tax deduction for super contributions? Did you know, that you can only claim a tax deduction for Super Contributions once they have been received by the super fund? The date the ATO Super Clearing House accepts your Super payment is not considered the paid date with Super Funds. You need to […]
SG (Superannuation Guarantee) Amnesty – 6 Months Only Superannuation Amnesty In 2017 the SG gap was $2.3b or a deficit of 4% of the total expected. Government policy is that SG must be paid. Government are providing an incentive for employers to bring their SG obligations into line with the Super Amnesty. As of 10 […]
March 2020 has certainly been interesting, not only in Australia but also having a huge impact across the world with the outbreak of Coronavirus (COVID-19). On March 12th 2020 the Australian Government announced their economic response to the Coronavirus. There are several key areas that the Australian Government have announced, two directly impact on Australian […]
Accurate Balance
Servicing: Redlands and Brisbane Bayside
Call: 0438 382 489
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