Compiled by our tax experts the National Tax and Accountant Association (NTAA). February 2018 Further ‘affordable housing’ measures passed Parliament has passed the legislation allowing first home buyers to save for a deposit inside superannuation through the First Home Super Saver Scheme (FHSSS), and also allowing older Australians to ‘downsize’ and then contribute the proceeds […]
MYOB is catching up to XERO so if you have MYOB and understand how it works there are now MYOB products that will assist in managing your accounts quicker and easier.
Calculating how much to pay: To work out how much super you have to pay for each of your employees, multiply their ordinary time earnings for the quarter by 9.50%.
Super for the self-employed: If you’re a sole trader or a partner in a partnership, you don’t have to make super contributions to a super fund for yourself. However, you may want to consider super as a way of saving for your retirement.
Current MYOB users please talk to us today about some great changes MYOB have made to their online offering.