It’s tax time again – Are you making the most of your allowable tax deductions? Tax Deductions According to the Australian Taxation Office (ATO) website, there are 4 things…
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From 1 July 2022, there are several changes to superannuation laws that you may be able to take advantage of. Changes to voluntary contributions If you are aged between 67…
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High inflation is hitting businesses and households hard in 2022. Across the world, inflation is running high, thanks to factors like pandemic disruptions, monetary stimulus and supply-chain issues. You’ll see…
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It’s nearly time to make a finalisation declaration for Single Touch Payroll. There is no need to issue payment summaries to employees you have reported through STP. Employers must complete…
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The Fair Work Commission has this week handed down their decision in relation to minimum wage increases. From 1 July 2022, wages will increase as follows: Min wage for award-free…
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Are you our next accountant? Here at Scanlon Richardson, we invest heavily in our people. We put more time into our team's personal and professional development than anywhere else in…
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In addition to planning for the expected statutory super rate rise to 10.5%, some employers need to prepare for a significant change from July 2022. Removal of the $450 Monthly…
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Most small businesses in Australia employ people. One of the most common payroll errors is incorrect processing of termination payments when employees leave. With the introduction of Single Touch Payroll…
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We’re all aware of the many benefits that signing your documents digitally provides; convenience, accessibility, security and of course it’s great for the environment. We’ve been sending documents to our…
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The superannuation guarantee statutory rate has remained at 9.5% since July 2014. However, plans have been in place for some years now, to increase the rate to 12% incrementally. In…
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