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Month: June 2022

Super is changing from 1 July 2022.

Posted on June 10, 2022 by Suresh Rajani

Super or superannuation guarantee contributions as its formally known as is going to increase to 10.5% from 1 July 2022. The rate was at 9.5% for 7 years to June 2021 and then 0.5% increase annually has been set till it reaches 12% on 1 July 2025.The increaments might seem minor (“just” 0.5% per year)…

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120% Tax Deduction. Good headline but not yet law…

Posted on June 9, 2022 by Suresh Rajani

Heard about the Small Business Technology Investment Boost and Small Business Skills and Training Boost that would allow your business a 120% deduction for amount spent on training and technology costs? It made for a good headline and it is also true. It was announced as a small business support in March 2022 as part…

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