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๐Ÿ“ข Super News for Your Super!

๐Ÿ’ผ๐Ÿ’ฐ Superannuation Guarantee increases to 12% from 1 July 2025

 From 1 July 2025, the Superannuation Guarantee (SG) rate will increase from 11.5% to 12%.

 ๐Ÿ”น What does this mean?

Employers must contribute 12% of ordinary time earnings to eligible employeesโ€™ super funds.

 ๐Ÿ”น Why it matters:

More super = a stronger future retirement for Australian workers.

 โœ… Make sure your payroll systems are updated

โœ… Review employment contracts if SG is part of total package

โœ… Employees: check your payslips to see the difference!

 ๐Ÿ“… Effective: 1 July 2025

SB Taxation would like to wish one and all
Merry Christmas and Happy New Year.

SB Taxation
will be closed as of
Friday 20th December till  Monday 13th January 2025.
Limited appointments till February 2025

Uber is looking for more drivers and Airbnb is seeking more hosts, but what are the implications of becoming part of this new ‘sharing’ economy’?

According to the Assistant Commissioner of Taxation, Tom Wheeler, over 400 small to medium sized enterprises are about to receive a visit from the ATO as part of a crackdown on cash based businesses.