Summary of Super Changes

Changes to your Super The following represents a summary of the major superannuation changes effective from 1 July 2013. 1.  Superannuation Guarantee contributions increase – the minimum SG contribution will be raised from 9% to 9.25%. The first increase will be...

Things to do before 30 June

The end of the financial year is fast approaching and there are a range of taxation issues that businesses have to consider. It is important that you are aware of these issues and get everything in order before 30 June 2013. ATO Debts Address any ATO tax debt you may...

Does your business receive PSI?

What is PSI? Personal Services Income (PSI) is mainly a reward for an individual’s personal efforts or skills, and can affect the tax obligations of contractors and consultants. PSI rules affect the individuals deriving PSI directly as a sole trader or indirectly...