• insurance policy
    Am I Taxed on An Insurance Payout?
    Australia has had its fair share of disasters over the last few years – drought, bushfires and floods – that have ramped up the volume of insurance claims. Most people would assume that if and when they need to claim on their insurance, the insurance payout covers the damage and […]
  • changes-ahead
    What Changes on 1 July 2021?
    Super guarantee rate increase to 10% On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% – the first rise since 2014. It will then steadily increase each year until it reaches 12% on 1 July 2025. The 0.5% increase does not mean that everyone […]
  • Superannuation
    Super Guarantee Rate Rising 1 July
    On 1 July 2021, the super guarantee rate will rise from 9.5% to 10%. If you have employees, you will need to ensure your payroll and accounting systems are updated to incorporate the increase to the super rate. If you need help to work out how much super you need to […]
  • skilled migration
    Is It Time for Australia to Rethink Skilled Migration?
    Source: NestEgg When borders reopen, Australia has a chance to reshape its migrant policy, with an opportunity to target younger, more skilled workers, a think tank has revealed. Australia is not attracting the right migrants, instead it should focus on simplifying the process, taking in younger skilled workers, and paying them […]
  • Fringe Benefit Tax
    FBT Exemption, LMITO Tax Bill Introduced Into Parliament
    Source: Accountants Daily Treasury Laws Amendment (2021 Measures No. 4) Bill 2021 was introduced to the House of Representatives on Wednesday and contains two tax measures included in the Morrison government’s 2021–22 federal budget.  The first of them is the government’s FBT exemption, which will provide employers with a way […]
  • cryptocurrency
    ATO Sheds Light on Crypto Compliance Focus
    Source: Accoutants Daily Speaking at a tax-time tips seminar on Thursday, ATO assistant commissioner Adam O’Grady warned tax agents and taxpayers that his office will be closely watching all capital events related to cryptocurrency come tax time.  “It is really important for all capital assets; we will be looking to […]
7 February 2019

Why Outsource Your Payroll?

Processing Payroll manually and doing it in-house can be a time-consuming process. Outsourcing your payroll to an organisation with payroll expertise like Nobel Thomas can liberate your staff to focus on more important value-added and revenue-generating activities. Many businesses now harness the benefits of external experts to process their payroll, […]
12 March 2018

Australian Payroll Compliance

As your business grows and you find the need to take on more employees to help you keep up, one of the most important skills you need to learn is ensuring you are making the correct payroll payments and remaining in compliance with the requirements of Australian Revenue Offices. One of […]
12 February 2018

Payroll Tax

Payroll Tax is a state tax on the wages paid by employers. It’s calculated on the amount of wages you pay per month and collected in each state or territory that your employees are located in. However, not all businesses will have a tax obligation. You are only liable for […]
25 September 2017

What to Consider When Outsourcing Payroll

Payroll services are becoming increasingly popular for Australian small, medium and large organisations. Business leaders are recognising that employing a dedicated payroll officer is inefficient and that they lack the in-depth expertise a payroll service can guarantee. For example, you’re likely to require a service that guarantees its turnaround times […]
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