Blog Posts by Kayla

Superannuation changes as of 1 July 2024

As of 1 July 2024, several changes have been made to Superannuation payments that impact employees and business owners. Superannuation Guarantee rates go up to 11.5% Your employer must contribute 11.5% of you ordinary time earnings salary in 2024-2025 into your super fund. This contribution is known as the Superannuation Guarantee (SG) contribution. The SG […] Read More

What is a Self-Managed Superannuation Fund?

A self-managed super fund (SMSF) is a superannuation fund that you manage yourself. SMSFs are different to industry and retail super funds. When you manage your own super, you put the money you would normally put in a retail or industry super fund into your own SMSF. You make the investment decisions for the fund, and […] Read More

Superannuation Fund – DocuSign

Superannuation Fund – DocuSign Are you interested in signing your Superannuation Fund documents electronically? If so, our software CLASS offers DocuSign. What is DocuSign?  Class integrates with DocuSign as its electronic signature solution partner to provide a seamless and efficient way to get financial statements and compliance documents signed electronically. Class reports can be sent for signature at the entity […] Read More

Christmas Parties and Fringe Benefits Tax

With summer and Christmas just around the corner, you may be planning a Christmas Party for your employees.  It is quite common for employers to provide Christmas parties and gifts at this time of the year.  The Christmas Party is considered entertainment and in some cases be subject to Fringe Benefits Tax (FBT). As an […] Read More

Self-Managed Super Fund Structures

Self-Managed Super Funds Self-managed super funds (SMSF’s) are a way of saving for your retirement. The difference between a SMSF and other types of super funds is that the members of a SMSF are usually also the trustees. This means the members of the SMSF run it for their benefit and are responsible for complying with […] Read More

Personal Super Contribution

What is a personal super contribution? Personal superannuation contributions are the amounts you contribute to your superannuation fund from your personal funds.​ ​These contributions:​ Personal superannuation contributions are generally treated as non-concessional and will count towards your non-concessional contribution cap unless you intend to claim a tax deduction for them. How to make a personal super […] Read More

COVID Boredom Busters

As the COVID-19 pandemic continues, you wouldn’t be the only one that feels a little bored. Many of you may be finding it hard to stay positive and mindful during the lockdowns and periods of restriction. Chelsea Pottenger from EQ Minds suggests 4 ways to stay mindful during these tough times. Try a short, guided […] Read More