According to the Australian Bureau of Statistics June 2022 Business Conditions and Sentiments report, In June 2022, 46% of businesses experienced increases in their operating expenses over the previous month compared to 21% of businesses in June 2021. In addition to this pressure, 1st of July 2022 will bring even more pressure with the increase in Super Guarantee to 10.5%, the scrapping of the $450 super threshold, and the increase to minimum wages. See our recent blog post a

There are some important superannuation changes coming into effect from 1st July 2022 that impact small business owners and super fund account holders. Superannuation Guarantee The Superannuation Guarantee (SG) will increase by 0.5 percent again to 10.5 percent on 1 July 2022. This follows its rise from 9.5 percent to 10 percent last 1 July 2021.SG – the money that employers must pay to employees in addition to their wages – will continue to increase by 0.5 percent each 1 Jul

Closing off another financial year is just around the corner and whilst this process can cause many business owners a headache, getting your ducks in a row comes with many benefits. Not only can this process help identify some important tax savings, but it also helps with compliance and can even identify some End of Financial year marketing opportunities. If you are a business owner that struggles with getting through the year-end process, we have put together this handy chec