Timely Reminder on Your Employer Super Obligations from 1 July 2021
On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% - the first rise since 2014. It will then steadily increase each year until it reaches 12% on 1 July 2025.
Changes from 1 July 2021 will impact on how much money you can contribute to superannuation and how much you can have in your retirement phase superannuation account.
EnVision Partners is very pleased to announce that our team continues to grow!
Not one, but two new staff have joined our ranks in July 2020.
We are delighted to be able to introduce them to you and officially welcome them to the EnVision family.
JobKeeper and Early Super Crackdowns Are Coming from the ATO
The Australian Taxation Office (ATO) is cracking down on fraudulent claims for JobKeeper and Early Release of Superannuation (ERS). Businesses have an obligation to take reasonable steps to document their applications. JobKeeper payments are not “free money” and the COVID-19 early release of super scheme only applies to those adversely financially effected.
Western Downs $50 Million (COVID-19) Recovery Package
"Western Downs Regional Council has unveiled a major stimulus package to secure and create jobs, energize the economy, and support the region through the COVID-19 health crisis."
On the 12 March 2020 The Morrison Government announced a $17.6 billion economic plan to keep Australians in jobs, keep businesses in business and support households and the Australian economy as the world deals with the significant challenges posed by the spread of the coronavirus.
Urgent Action Required: Invitation for COVID-19 Assistance Meeting + Business Continuity Plan
As a business owner, there is one key thing you need to totally focus on now – keeping your business alive during these difficult times. It’s not all doom and gloom either – withstanding the tough times sets a business up to be a fast turning cash flow business when everything bounces back in a positive way in the future.
In light of the recent developments around the Coronavirus (COVID-19) and the uncertainty we are all facing day-to-day, we felt it important to assure you that we expect no major interruptions to our services.
Tax planning time is upon us once again. If you haven't done tax planning in previous years and would like to know more about it, please don't hesitate to contact our office.
