Affordable Bookkeeping Solutions for your Small Business
By 27 September 2021, employers (other than small business employers) need to assess whether any existing casual employees employed prior to 27 March 2021 are eligible to be offered permanent employment.
For more information, click here to visit the Fair Work website.
From 1 November 2021, you will have an extra step to take if you have new employees who start and they don’t choose a super fund.
You may now need to request their ‘stapled super fund’ details from the ATO.
A stapled super fund is an existing super account of an employee that follows them as they change jobs.
This change aims to stop your new employees paying extra account fees for unintended super accounts set up when they start a new job.
To find out more, click here.
This is a fortnightly payment of $1,500 for businesses with a turnover between $30,000 and $75,000.
Click here to see if you are eligible and make your application.
The JobSaver Payment is made fortnightly to help maintain employee headcount (as at 13 July) and provide cash flow support to businesses for costs incurred due to COVID-19 restrictions.
Click here to see if you are eligible and make your application.
The COVID-19 business grant is a one-off payment to help businesses, sole traders or not-for-profit organisations impacted by Greater Sydney COVID-19 restrictions.
Grants between $7,500 and $15,000 are available to eligible businesses depending on the decline in turnover experienced during the first 3 weeks of COVID-19 restrictions (26 June to 17 July 2021).
Click here to see if you are eligible and make your application.
From today, the super guarantee (SG) rate will rise from 9.5% to 10%.
If your small business has employees, you will need to update your payroll and accounting systems to incorporate the increase.
The super rate is scheduled to progressively increase to 12% by July 2025.