Reminders

Remember that all employee superannuation guarantee contributions for the December quarter should be paid into funds by 28 January, 2012. Employee super contributions actually paid by this date will be eligible for a tax deduction. It is important to meet the 28 January deadline in order to qualify for a ...

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New tax thresholds were introduced at the start of the financial year for payroll tax in NSW. The annual payroll tax threshold is now $678,000 and the rate is currently 5.45%. From 1 July 2011, the monthly threshold is: 29 days = $53,721 30 days = $55,574 31 days = $57,426 ...

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Please remember that all employee superannuation guarantee contributions should be paid into funds by 28 July, 2011. All employee super contributions actually paid by this date will be eligible for a tax deduction. It is important to meet the 28 July deadline in order to qualify for a tax deduction ...

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ASIC fees are being increased based on the Consumer Price Index for the March quarter 2011. This includes a rise in late payment fees. The following are a few of the more common fees which will be increasing from July 1st: Registration of a Pty Ltd increasing to $426 (up from ...

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From 1 July 2011, the Paid Parental Leave Scheme will become mandatory for all businesses. Paid Parental Leave Scheme provides eligible working parents with 18 weeks pay at the National Minimum Wage  (see recent changes to minimum wage). If you have eligible long-term employees who have or adopt a child from this ...

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Following its 2011 Annual Wage Review, Fair Work Australia has increased the modern award minimum wages by 3.4%. This increases the minimum wage to $589.30 per week or $15.51 per hour. The change affects employees covered by: the national minimum wage modern awards all transitional Australian Pay and Classification Scales ...

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Outstanding exporters can now apply for the 2011 Export Awards in their state or territory. The awards are aimed at recognising excellence in the export of goods and services to the international marketplace. They provide the opportunity for exporting businesses to be recognised by the public for their contribution to ...

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December Quarter Super Reminder Please remember that all employee superannuation guarantee contributions should be paid into funds by 28 January, 2011. All employee super contributions actually paid by this date will be eligible for a tax deduction in the 2011 financial year. It is important to meet the 28 Janaury ...

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Free electronic tax calendar for small businesses and bookkeepers

  A free electronic calendar is now available on the Tax Office website to help small businesses meet their tax and superannuation guarantee obligations throughout the year. Tax Commissioner Michael D’Ascenzo said Your small business tax calendar provides reminders of lodgement due dates for small businesses and bookkeepers. If you run: ...

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Don’t Forget About Changes to Payroll Reporting

Recent changes in payroll reporting by Australian Government legislation has meant that salary sacrifice decisions now have to be recorded in more detail by employers and employers need to supply information on the salary sacrifice arrangements to the Australian Taxation Office. The reason for these changes is that employees have ...

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The Tax Office today reminded people who received an income tax bill for 2007-08 that payments begin to fall due from Friday 21 November 2008. The Tax Commissioner has advised people to check their notice of assessment and pay any amount owing by the due date to avoid penalties for late payment. “Due ...

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