Important SG super changes

As you will have read in our Budget analysis and no doubt been notified by your software provider, please ensure that you are calculating SG super as from July at 10%

It is opportune to remind you that SG is payable on what is called Ordinary Times Earnings (OTE).  OTE is not calculated on a number of items including overtime and some bonuses.  You can read more here.

And in closing just a reminder that the removal of the $450 monthly; threshold is due not to be removed until 1st July 2022.

Payroll processing is complicated.  Moreover errors can prove costly.  We are therefore pleased that Xero now interacts with KeyPay (QuickBooks Online has used a limited version for 5+ years).  Please ask us if you would like a review of your payroll system.

At MRS, we will spend today planning for your success.