by madisson.ahern@rm.net.au | Jul 31, 2024 | Featured, SMSF Specialists
Starting 1 July 2024, there are several changes in legislation that affect superannuation. Contribution caps Following a sufficient increase in AWOTE (Average Weekly Ordinary Time Earnings), superannuation contribution caps have increased to $30,000 concessional and...
by Ben Smith | Mar 22, 2024 | Everyone, Featured, SMSF Specialists
For the first time in three years, superannuation contribution caps will be increasing, with the changes coming into effect from 1 July 2024. Contribution cap increases are linked to average weekly time ordinary earnings (AWOTE) figures, with a figure greater than...
by Ben Smith | Aug 23, 2023 | Everyone, Featured, SMSF Specialists
There’s a good chance you have read in the media about the proposed introduction by the Government of a higher rate of tax for people with superannuation balances above $3 million. Any member with a total super balance (all your superannuation accounts combined) of $3...
by Ben Smith | May 18, 2022 | Accounting & Audit, Business Intel, Financial Planning, SMSF Specialists, Tax & Estate Planning
There have been some important changes to MYOB subscription payments. Up until this point, Roberts & Morrow have managed your subscription (practice pays) however we are streamlining the MYOB process and arranging subscription payments...
by Ben Smith | Apr 20, 2022 | Accounting & Audit, Business Intel, Featured, SMSF Specialists
Two landmark cases before the High Court highlighted the problem of identifying whether a worker is an independent contractor or employee for tax and superannuation purposes. Many business owners assume that they will not be responsible for PAYG withholding,...
by Ben Smith | Mar 31, 2022 | SMSF Specialists
In Australia, it is estimated that around 300,000 young, part-time, mostly female workers currently and legally do not receive super contributions from their employers under the super guarantee scheme. This is due to their before-tax earnings per month falling below...
