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Thousands of tax debt defaults ‘in the pipeline’ The Covid-19 honeymoon period is over! Thousands of tax default referrals worth millions of dollars to the Australian Taxation Office (ATO) are expected before the end of the year, according to the only credit bureau currently processing them – Creditor Watch. This means beginning to publicly list defaults – something they haven’t done in the past!  The Covid-19 honeymoon period is over!
Thousands of tax default referrals worth millions of dollars to the Australian Taxation Office (ATO) are expected before the end of the year, according to the only credit bureau currently processing them – Creditor Watch.
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Superannuation Guarantee Liabilities are changing As of 1st July 2022, there are two main changes to how you pay your employees’ Superannuation Guarantee Contributions. The Federal Budget 2022 has maintained the Super Guarantee’s legislated increase to 12% by 2025. From July 1st 2022, the Super Guarantee increases to 10.5%. It will increase by 0.5% on the 1st of July each year until it reaches 12% in 2025.  As of 1st July 2022, there are two main changes to how you pay your employees’ Superannuation Guarantee Contributions.
The Federal Budget 2022 has maintained the Super Guarantee’s legislated increase to 12% by 2025. |
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February 2025
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