by MRG Redshaw | Oct 26, 2020 | Alerts, Business Solutions, Small Business, Superannuation
Following the end of the legislated Superannuation Amnesty Period which ran to 7 September 2020, the ATO released a draft Practice Statement (PS LA 2020/D1) to provide guidance to ATO staff in relation to Part 7 penalties on late Superannuation Guarantee Charge (SGC)...
by MRG Redshaw | Oct 21, 2020 | Uncategorised
Prior to 1 July 2020, mandated employer contributions such as Superannuation Guarantee paid into a superannuation account were accepted although, non-concessional or non-mandated contributions made by those aged 65-75 were subject to the “work test”. Effective from 1...
by MRG Redshaw | Oct 14, 2020 | Alerts, Announcements, COVID-19 Support, Federal Budget, Small Business, Tax
On Tuesday, 6th October, Federal Treasurer Josh Frydenberg handed down the 2020/21 Federal Budget, outlining a further $98 billion in financial economic support, however acknowledging a $200 billion deficit – the biggest since World War II. Under the Federal...
