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payroll

Super % Rate Rise

Super % Rate Rise

The superannuation guarantee % rate is on the rise from 1st July 2021, from 9.5% and on the creep to 12% over the next five financial years. This is good news for employees (more in the retirement kitty) but for employers this is important news for cashflow. Find out when and how…

Single Touch Payroll (STP)

Single Touch Payroll (STP)

STP is designed to make more info available on myGov for employees so they can check their payroll data throughout the year and automatically for their tax all while allowing the ATO to keep a closer eye on employers to ensure PAYGW and Super are being reported and paid on time for employees. Here's a user-friendly video that explains.