From 1 November 2021, there are changes to employer obligations in relation to superannuation. With lockdowns ending, retail and hospitality opening up and Christmas approaching, it is vital that employers who have a large intake of staff over the upcoming period get their superannuation obligations
Read MoreAn employee share scheme is where you provide shares in your company to your employees. It is sometimes referred to as an employee share plan, employee share option plan or an employee equity scheme. Employee share schemes are often provided to attract, retain and motivate employees – by aligning employee interests with shareholder interests. The...
Read MoreProviding your employees with a car – what are the FBT implications? A way of incentivising employees is by providing them with ‘benefits’ in addition to their salary and wages. One of the most common benefits provided by employers is a car for private purposes. As a result of providing this benefit, they may be taxation
Read MoreChanges to superannuation guarantee obligations for employers – Budget 2021-2022 Announcement Compulsory superannuation payments as part of salary and wage remuneration help build superannuation balances to support individuals into retirement. Currently, not all employees are entitled to superannuation – including those receiving less than $450 per...
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