What happens when you pay super late?

What happens when you pay super late?

This article can basically be summed up with “ALWAYS PAY SUPER ON TIME!” Why? The penalties for not paying super are massive. It’s just most owners don’t realise what they are until it’s too late.  Firstly, what is ‘on time’ – its paying super to your staff...
Super Rate Increase and Removal of Threshold

Super Rate Increase and Removal of Threshold

Superannuation Changes As of 1 July 2022, the super rate will increase from 10% to 10.5%. For salary and wage payments made on or after 1 July 2022, the new superannuation guarantee contribution rate of 10.5% will apply. Super guarantee contributions for the quarter...