July 1 legal changes all Australian businesses should know about
The start of each financial year usually brings with a host of tax changes that SMEs need to be aware of, as well a a range of other legal changes that affect large sections of the Australian business community.
Explained: Payday superannuation reforms and what small businesses need to know
Employers will need to pay their workers' superannuation every time they pay their regular wage, thanks to a significant change to retirement saving rules introduced by the Albanese government.
Littleproud says new super tax rules will hit “mum and dad” businesses. Is he right?
Raising the tax rate on superannuation balances above $3 million will affect "many mum-and-dad businesses" which hoped to sell up for retirement, National Party leader David Littleproud says, as accountants warn of significant tax implications for successful entrepreneurs nearing the end of their professional lives.
“Unnecessary overreach”: Accountants challenge rules which level extra tax on accountants, tradies who work on their own superannuation assets
Australia's top accounting groups are calling for urgent changes to the way regulators crack down on shady superannuation income.
What is an ‘employee’? ATO aims to review superannuation guidance after landmark court ruling
The ATO is reassessing six guidelines on superannuation and employment after a High Court ruling found a worker contracted by a labour hire firm actually qualified as an employee.
Housing industry backs Morrison government’s super withdrawal scheme amid affordability concerns
Prime Minister Scott Morrison said his government, if re-elected, would let first home-buyers withdraw up to 40% of their super.
It’s time to pay superannuation on all parental leave. Here’s why
Parental leave is currently the only one type of leave that, more often than not, does not attract superannuation.
One in six Aussie super funds have failed the APRA performance test. What’s next?
APRA is required to rate each MySuper fund with a pass or a fail according to how they have managed their members’ money.
The solution to Australia’s housing affordability isn’t early access to superannuation. Here’s why
There are several much-better ways to revive the great Australian dream for young Australians.
How a customer-first mindset helped this company through COVID-19
Faced with an 8400% spike in hardship requests, SocietyOne reframed their triage and assessment process with a customer first mindset.
Four things self-employed people need to know about super contributions
On average, self-employed Australians retire with 50% less in their super accounts than their employed friends, and 20% retire with no super at all.
The mammoth Retirement Incomes Review uncovered problems a compulsory super increase won’t solve
Pouring a greater proportion of each pay packet into the hands of super funds will not benefit Australians heading for retirement.