Category: Small Business

Increases to minimum wages

Some awards will get a minimum wage increase from the first full pay period on or after 1 July 2022, while others will get one from the first full pay period on or after 1 October 2022.

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2022 EOFY payroll

We will need to file an annual ‘STP Finalisation’ to the ATO by 14th July.

(This replaces providing Payment Summaries/Group Certificates to your staff and submitting the Payment Summary Annual Report (PSAR) to the ATO.)

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Rollercoaster Week

It feels a lot longer than a week!

The current ride has been going for a while now, but for small business owners – its probably since the beginning.

Make sure you strap in before you take off on the small business ride!

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Super is increasing from 1st July 2022

Superannuation paid on behalf of ALL employees (including owners/directors) will increase to 10.5% for wages paid (bank transfer) on or after 1st July 2022.
The $450 per month threshold will no longer be applicable.

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2021/2022 financial year is coming to an end

EOFY
Are you prepared?

As always, speak to your expert about your business circumstances – the salesperson at the dealership or officeworks is not licenced to give you advice, they are trying to sell you something.
Buyer beware!

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