by Swot Accoountants | Jul 4, 2025 | Business News, Business Training, GST, Payroll, Super, Tax & Compliance
Tax time doesn’t have to be stressful, yet every year, many taxpayers make avoidable mistakes that lead to delays, ATO scrutiny, or missed deductions. Whether you’re an individual taxpayer or running a business, avoiding these common tax mistakes can save you...
by Swot Accoountants | Jun 2, 2023 | Business News, Business Training, Super, Tax & Compliance
If you have employees or hire eligible contractors for your small business, it’s crucial to stay informed about the latest changes. Starting from 1st July 2023, the new Super Guarantee (SG) rate will be 11%. To ensure compliance, it is essential to update your...
by Swot Accoountants | Jun 1, 2022 | Business News, Payroll, Super
Removal of the $450 monthly income threshold Previously, employees needed to earn a minimum of $450 in gross income from one employer per month to be eligible for the Super Guarantee (SG). From 1 July 2022, however, this cap has been removed by the federal government,...
by Swot Accoountants | Apr 1, 2022 | Business News, Super, Tax & Compliance
Determining the nature of the engagement – is the worker an employee or contractor? This is important from the tax and super point of view because employees will have tax withheld from their wages and super paid by the employer. In contrast, contractors may be treated...
by Swot Accoountants | Mar 21, 2021 | Super, Tax & Compliance
Concessional super contributions are part of most employee’s salary package (Super Guarantee contributions). These contributions are made into the employee’s super fund before tax. The contributions are then taxed concessionally at the special low rate of 15%. Please...
by Swot Accoountants | Mar 11, 2020 | Penalties, Super
The government has approved a superannuation guarantee (SG) amnesty to encourage and allow employers to disclose and correct any historical unpaid SG from 1 July 1992 to 31 March 2018, without incurring the administration or Part 7 penalties. To be eligible for the...
