Craig Heiner - CS Accountants
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Author: craigcs

The ATO has identified employers in various industries that may not be paying super to their eligible employees or contractors. It is important that employers understand that they need to pay the compulsory 9% super guarantee contribution s for contractors they pay under a contract that is wholly or principally for the contractor's labour even if the contractor quotes their Australian business number.

The Government has just announced an increase to the Medicare Levy threshold to help pay for the flood recovery process. Applying from the 2011/2012 income year, the flood levy of 0.5% will apply to all taxpayers with a taxable income of $50,000 or more and 1% for all those with an income above $100,000.