The way superannuation is paid in Australia is about to change. If you're an employer, it's time to start preparing! It is proposed that from 1 July 2026, employers will be required to pay super at the same time they pay salary and wages. This reform, known as Payday Super, is designed to improve retirement outcomes for workers by ensuring super contributions are made more frequently and consistently.
Last month, significant media coverage was dedicated to medical operators in Queensland now being subject to Queensland payroll tax on the patient fees remitted to practitioners who practice in the medical centres run by those operators. Even if a medical centre only provides administrative services to practitioners (under service agreements), payroll tax may still apply if the medical centre exercises administrative or operational control over the practitioners’ operations.
All directors appointed on or before 31 October 2021 are required to apply for a Director ID by 30 November 2022 and if you fail to meet this deadline, you may be subject to a $13,200 penalty.
Good news for Queensland residents with interstate properties: the new land tax policy has been discarded. Read on to find out more about your land tax liability.
October's Federal Budget revealed several key economic factors which will impact every business in Australia. Read on to find out how to navigate your business in the forecasted economic climate.
Calling all directors! All company directors appointed on or before 31 October 2021 are required to apply for their director ID by 30 November 2022. With this deadline approaching fast, it is important that you are familiar with how to apply.
STP Phase 2 is underway, with both Stage 1 and Stage 2 changes available on select digital service providers. Today we breakdown how to implement the Stage 1 and Stage 2 changes in your payroll software.
Earlier this month, the Treasury Laws Amendment (Electric Car Discount) Bill 2022 passed the House of Representatives and went before the Senate. Read on to find out more about this Bill and how it would apply to your business or your job.
Are you an investor of an Early-Stage Investment Company (ESIC)? If so, you may be eligible for significant tax incentives.
The Macro Group are excited to announce and congratulate Jocelyn Piper on her appointment as Director, effective 1 July 2022.
From 1 July 2022, several changes will be enforced relating to the minimum wage and superannuation rules. Read on to find out more about your new responsibilities as an employer.