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Personal deductible contribution opportunity deadline looming

Just a reminder that if you are an employee, you can now make a personal contribution to Superannuation from your cash savings and claim a tax deduction, hence you still have a few days left in this financial year. But be aware of what you…
Brisbane Business Accountant - Bonus Super

Bonus Super (Government Co-contribution)

Currently there are two (2) avenues for low income earners to get Bonus Super payments from the Government totalling up to $1000 per year. LOW INCOME SUPERANNUATION CONTRIBUTION (LISC)* The low income superannuation contribution is up…
Brisbane Business Accountant - avoiding penalties for late super

Super Penalties for Late Super

Super guarantee contributions are due by the 28th day after the end of each quarter. Employers who don’t make their payments on time are penalised severely. There’s a double whammy – extra charges and interest, and no tax deductibility. Note…