by Swot Accoountants | Mar 1, 2023 | Payroll, Tax & Compliance, Uncategorised
The following information provides an overview of the tax rates for individuals for the 2022-2023 financial year. Tax-Free Threshold (for Australian residents only) The first $18,200 of an individual’s taxable income is not taxed in Australia. This amount is...
by Swot Accoountants | Jun 1, 2022 | Business News, Payroll, Super
Removal of the $450 monthly income threshold Previously, employees needed to earn a minimum of $450 in gross income from one employer per month to be eligible for the Super Guarantee (SG). From 1 July 2022, however, this cap has been removed by the federal government,...
by Swot Accoountants | Jun 30, 2019 | Business News, Payroll
If your employer is now using Single Touch Payroll (STP) to report your income to the ATO, you will no longer receive your PAYG Payment Summary at the end of the financial year. If you have a myGov account, make sure it is linked with the ATO and you will receive a...
