Payday Super: What Employers Need To Know Ahead of 1 July 2026
From 1 July 2026, Payday Super will require employers to pay superannuation at the same time as wages. This replaces the current system, where super can be paid monthly or quarterly. For employers who already make monthly super contributions, the change is unlikely to have a significant impact. However, for businesses that currently pay super […]
Is Superannuation Payable on Overtime?
Advivo explains the ins and outs of paying superannuation to your employees. First Published: April, 2018 Updated: July, 2023 As a small business owner, you likely have many different roles to fill, and won’t always know the answer to every question involving your finances. Superannuation is one of those anomalies that you need to call [...] Is SMSF (Self-Managed Superfund) Right for You?
Advivo Accountants and Advisors proudly provide expert advice about the tax advantages of superannuation and will assist you every step of the way with your Self-Managed Super Fund (SMSF). We strongly recommend talking to an expert when it comes to your personal retirement goals. This information does not constitute financial advice. Any information in this [...] The Challenges of Stapling Superannuation
Advivo Business Advisors and Accountants discuss the potential challenges with the new stapling of superannuation. This article is relevant for all employers, especially those who work in payroll. As you may be aware, from 1 November 2021, the process has changed to deal with any new employees who do not complete a Superannuation Choice form [...] 6 Advantages of a Self-Managed Super Fund
Advivo's experienced SMSF Accountants delve into the advantages of running a self-managed super fund. As the name implies, a self-managed super fund (or SMSF) is a private superannuation fund that you control yourself. A sole purpose of an SMSF must be to provide retirement benefits that are unachievable from an industry superannuation membership. As such, [...] Gain Control of Your Super with the Help of Advivo’s SMSF Accountants
With a dedicated team of SMSF accountants, Advivo is here to help you stay compliant while having greater control over your superannuation. Self-managed superannuation funds (SMSFs) are gaining popularity for individuals to have greater control over how their money is invested, as opposed to other super funds. Having greater control also means having greater responsibility. [...] SG Amnesty Bill Passes Parliament: A Small Window for Employers to Get It Right!
The Superannuation Guarantee (SG) Amnesty Bill has now passed both houses, with employers set to get six months to disclose historical non-compliance before tougher penalties apply… The long-awaited Superannuation Guarantee (SG) Amnesty Bill has passed Parliament and is now awaiting Royal Assent to become an Act. The amnesty period will start from 24 May 2018 […]
Have you been treating Annual Leave Correctly for Compulsory Superannuation Purposes?
Advivo shares how to correctly process annual leave for compulsory superannuation purposes over the busy holiday period… Over the Christmas and New Year period, many of our clients ask us for assistance with employee leave entitlements. To help you get by the busy holiday period, we have put together a list of everything you need […]
Superannuation – What you should know
A Quick Guide on the Upcoming Changes Regarding Superannuation If you have a Self-Managed Superannuation Fund you might be aware that the rules are constantly changing. Over the past few years there have been many significant changes made and many proposed but never legislated. We have prepared a quick guide on the upcoming changes and [...] The ATO is always watching…
ATO Can Automatically Deny Deductions For Late Super Payments Superannuation paid for employees must be paid on time for employers to claim the payment as an income tax deduction. This has been the situation for many years and doesn’t look to be changing any time soon. What is changing is that with the introduction of […]