by C&N Accountants | Oct 29, 2024 | Superannuation
‘Payday super’ is set to change how superannuation guarantee (SG) payments are managed. Here’s a closer look at what’s coming and what it means for employers. What is Payday Super? Starting 1 July 2026, employers must pay superannuation...
by C&N Accountants | Aug 27, 2024 | Asset Protection, Business, Capital Gains Tax, Superannuation
Going through a divorce is tough, and it’s not just the emotional and financial strain you need to think about. Plenty of issues need sorting out, especially if you’re running a business. What Happens When There’s a Family Company? Suppose you and your partner have...
by C&N Accountants | Jul 11, 2024 | Business, Income Tax, Superannuation
Personal tax & super As you may be aware (thanks to the $40 million public education campaign), personal income tax cuts became effective on 1 July 2024. At the same time, the superannuation guarantee (SG) rate jumped by 0.5% to 11.5%. For employers, it’s...
by C&N Accountants | Mar 4, 2024 | Superannuation
Exciting news for super contributors! As of July 1, 2024, you’ll have the opportunity to contribute more to your super thanks to increased caps. Here’s a detailed guide on how to leverage these changes for your financial benefit. Understanding the New Caps The new...
by C&N Accountants | Feb 12, 2024 | Property Investment, SMSF, Superannuation
In Australia, property investment holds a significant appeal, notably due to the attractive 15% preferential tax rate on income during the accumulation phase and the potential for tax exemption during retirement. This has led many SMSF trustees to consider property...
by C&N Accountants | Nov 27, 2023 | ATO, Superannuation
Australia’s workforce is currently owed a staggering $3.6 billion in superannuation guarantee payments, as revealed by the latest estimates from the Australian Taxation Office (ATO). While on the surface, the compliance statistics for employer superannuation...
