Capital Advisory

From 1 July, the super guarantee rate for employees will increase to 11%. The current super guarantee rate is 10.5%.

You need to pay on time, and the right amount to avoid a super guarantee charge.

Remember:
✅ Update your payroll and accounting systems to the new super guarantee rate.
✅ Payments must be received by the employee's fund on or before the quarterly super due date of 28 July.

The super guarantee rate will progressively increase to 12% by July 2025.

We’re more than mid-way through June, which can only mean one thing - end of financial year!

Here are some helpful tips to make sure you’re ready for 30 June 👇🏼

We had a great time earlier this week, celebrating a big milestone for Kathy. 25 years as a Chartered Accountant! Congratulations 🎉

Important reminder from the ATO 👇🏼👇🏼

Employers: Do you provide fringe benefits, such as gym memberships, to your employees? Just like you wouldn’t skip leg day, don't skip lodging your fringe benefits tax (FBT) return! 🏋️💪

The 2023 FBT year ended on 31 March, so you can now lodge and pay your annual FBT return electronically or by post.

If you’ve provided fringe benefits to your employees, your FBT return and payment is due by 22 May 🗓️

If you use a tax agent, you may have a different due date ⏰

For more info see www.ato.gov.au/Business/Fringe-benefits-tax/FBT-registration,-lodgment,-payment-and-reporting/Lodging-your-FBT-return-and-paying/

They shall grow not old, as we that are left grow old;
Age shall not weary them, nor the years condemn.
At the going down of the sun and in the morning
We will remember them.

A great article explaining how our partnership structure makes sure our clients get the best support from our team 👏

https://www.professionalplanner.com.au/2023/04/its-been-a-substantial-change-pros-and-cons-of-partnerships/?

‘It’s been a substantial change’: The pros and cons of partnerships - Professional Planner Business growth is front of mind for advisers, but once critical mass is hit the ownership structure often needs to be re-visited. Partnerships that combine complimentary skills give those practices an edge.

Wishing our clients and staff a very happy Easter, and an enjoyable safe break.

We’ll be back on deck on Tuesday 11 April!