Tag

Superannuation
ATO priorities this tax time   The ATO has announced four key areas that it will be focusing on for Tax Time 2022:
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Super is now following new employees   The ATO is reminding employers that, as of 1 November 2021, there is an extra step they may need to take to comply with the choice of super fund rules.
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Extra super step when hiring new employees   Employers may soon need to do something extra when a new employee starts to work for them.
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  Tax-free payments for small and medium businesses have been increased to $100,000 each. Small and medium businesses will also now have access to cheap government guaranteed loans as part of the government’s $66 billion Coronavirus rescue package. The $100,000 can be used for wage subsidies. However workers who have been stood down or laid…
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