While most businesses are already familiar with the Single Touch Payroll (STP) regime, small employers (19 or fewer employees) with closely held payees were exempt from reporting payroll information of those closely held payees through the STP for the 2019-20 and 2020-21 financial years.
Super Guarantee increase from 1 July to 10%
The Super Guarantee legislation requires businesses to make a contribution to eligible employees for their retirement.
The SG rate will increase on 1 July to 10% and then continue to increase each year until it reaches 12% on 1 July 2025.
Deferring returns due to Coronavirus – QLD businesses ONLY
If your business (Queensland only) has been affected by the coronavirus (COVID-19), you may be able to apply for a relief package to defer lodging and paying payroll tax returns …