SG Loophole closed
Perrier Ryan • February 6, 2020
Passed last year, but in effect from 1 January 2020, it is now explicitly clear that employee salary sacrifices to superannuation cannot reduce an employer's SGC charge - and, that SG is paid on the pre-salary sacrifice base.
The software companies such as XERO will have made the necessary adjustments but employers should check to satisfy themselves that SG is being dealt with properly and in accordance with the new measures.
Visit the ATO website for more detail.
If you're interested in knowing more about what they covered, please contact us at contact@perrierryan.com.au and put "Let's talk presentation" in the subject line; or call the office on (07) 3391 7566 and ask for Nicole Power, Olivia Ryan or Margaret Paskin,
From 1 July 2027 new laws will require companies to provide director IDs to ASIC when updating company details
Banks under pressure from ASIC after a recent review of Mortgage Offset accounts
The Federal Budget introduced several significant tax proposals which may impact the taxation of your investments and the structure you use to conduct your business or hold assets
unsolicited annual company review and business name registration notices being sent to companies - please ignore but contact us
Intuit QuickbooksOnline (QBO) - upgrading all customers to Open Banking Bank Feeds
