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tax return

The basics of EOFY

The end of the financial year or EOFY, is a time where your business has to submit a tax return based on your income and expenses. We break down some common terminology
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Stapled super funds start this month

From 1 Nov 2021, if you have new employees start, employers may have an extra step to comply with choice of fund rules.

Superannuation guarantee increase on 1 July

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An SG base rate rise is set from 1 July which will increase from 9.5% to 10%, followed by incremental half percentage point increases each year to 12% on 1 July 2025.
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Digital bookkeeping for business

At Notch Above Bookkeeping, our team is passionate and committed to working with business owners to get their bookkeeping on track — via the cloud. Whilst we're adjusting to a new world post-COVID, there's every reason to embrace a more streamlined, efficient approach to business bookkeeping.
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Superannuation guarantee amnesty

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This SG Amnesty law change provides a number of incentives for employers to pay any unpaid historical superannuation guarantee (SG) amounts relating to the period 1 July 1992 to 31 March 2018.
financial stream of consciousness

Support measures to assist those affected by COVID-19

The Australian Taxation Office (ATO) will implement a series of administrative measures to assist Australians experiencing financial difficulty as a result of the COVID-19 outbreak.
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Super Guarantee amnesty

Last year’s announcement of an amnesty for employers who come forward to correct underpayments of their super guarantee obligations has been resurrected in a new bill.
financial stream of consciousness

SG amnesty

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Proposed SG amnesty legislation not enacted If you've missed…