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Government hints at SG rate hike freeze

Government hints at SG rate hike freeze

by Maja Garaca Djurdjevic and Adrian Flores | Nov 22, 2020 | News

The current mandated SG rate for employers is 9.5 per cent of their ordinary time earnings, with a gradual increase by 0.5 of a percentage point every financial year from 2021–22 at 10 per cent up to 12 per cent by 1 July 2025. But the 650-page retirement savings...
New initiative set to tackle rising workplace mental health injuries

New initiative set to tackle rising workplace mental health injuries

by Shared by MyBusiness | Nov 22, 2020 | News

The Australian Council of Trade Unions (ACTU) and insurance company EML launched the Mind Your Head campaign to raise awareness of mental health hazards like the impact of isolated work, high job demands and violent events so that they’re understood and dealt with...
ATO finalises SGC Part 7 penalty remission guidelines

ATO finalises SGC Part 7 penalty remission guidelines

by Shared by SMSF Adviser | Nov 22, 2020 | News

Practice Statement Law Administration 2020/4 has now been issued by the ATO, replacing the withdrawn PS LA 2019/1. Read more at SMSF Adviser. 
Underreported BAS sales leads to 2.5 years in jail

Underreported BAS sales leads to 2.5 years in jail

by Shared by Accountants Daily | Nov 22, 2020 | News

Appearing before the Brisbane District Court last week, Ben Ogden was found to have underreported sales income across four quarterly business activity statements, lodging $85,359 in reported sales despite bank statements revealing deposits of $375,209. Read more at...
Beef up your online security ahead of Black Friday and Cyber Monday

Beef up your online security ahead of Black Friday and Cyber Monday

by Jacqueline Jayne | Nov 19, 2020 | Blog

Using email phishing to get consumers to log in to fake websites looking like Amazon.com or other major retailers, the criminals then steal the username and password to log in to the account and make purchases with previously linked credit cards in the account.  ...
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