Tag Archive for: Payroll

Single Touch Payroll (STP) Phase 2 – prepare now

Single Touch Payroll (STP) Phase 2 is ready to roll, but are you?

First legislated in 2016, STP rolled out progressively to employers from 2018. So, all employers have been required to use STP for some time now.

Read more

Changes to Superannuation for employers, employees and retirees from 1 July 2022

A number of superannuation changes came into effect from 1 July 2022, including:

  • Changes to the work test and bring forward rules for those aged 67-75 years
  • Carry forward unused concessional contributions
  • Changes to contributing to super from the sale of your home (‘downsizer contributions’)
  • Government contributions for low-to-middle income earners
  • Pay an increased super rate to employees
  • Pay super to employees regardless of their earnings
  • Increased contribution allowance for first home buyers

Learn about these changes to superannuation and what you need to do below.

Read more

June 2018 Newsletter

In this newsletter we want to make sure employers are ready for Single Touch Payroll (STP) and that small businesses are ready for EOFY.  We discuss some great tax planning opportunities for primary producers and outline developments in personal superannuation. Plus, check out what #teamsynectic have been up to lately.

Read more

Are you ready for Single Touch Payroll?

Single Touch Payroll (STP) changes the way employers report payroll information to the Australian Taxation Office (ATO), and it is mandatory from 1 July 2018 for employers with 20 or more employees.

So … you might be wondering: ‘What is Single Touch Payroll?’; ‘How do I get ready?’. And they are great questions!

Read more