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1 June 2022 - Digital Restart fund
The Digital Restart Fund is administered by the by the Department of Customer Service and funds iterative, multi-disciplinary approaches to planning, designing and developing digital products and services in NSW. It encourages projects that use modern methodology and foster customer-driven business transformation and collaboration across the NSW Government Sector.
To check your project or business’s eligibility follow the link below.
31 MAY 2022 - WHAT DOES YOUR RETIREMENT LOOK LIKE?
Make sure you are up to date with changes to Super guarantee from 1 July 2022.
As the new financial year approaches, there are changes to who is eligible for super and how much you need to pay.
From 1 July 2022, employees can be eligible for super guarantee (SG), regardless of how much they earn.
This is because the $450 per month eligibility threshold for when SG is paid is being removed. You only need to pay super for workers under 18 when they work more than 30 hours in a week.
The super guarantee (SG) rate will also increase from 10% to 10.5% on 1 July 2022. You'll need to use the new rate to calculate super on payments you make to employees on or after 1 July, even if some or all of the pay period is for work done before 1 July. The SG rate is legislated to increase to 12% by 2025.
Make sure you update your payroll and accounting systems so that you continue to pay the right amount of super for your employees.
What this means for you
These changes mean that from 1 July 2022
You'll need to make SG contributions at the new rate of 10.5%
Employees can be eligible for SG, regardless of how much they earn. You may have to pay SG for the first time for some or all of your employees.
The ATO is working with digital providers (DSPs) to make sure payroll software is updated in time. If you use a tax agent, they'll also be aware of theses changes and able to assist you.
The ATO will have updated online tools and calculators will be available to help you from 1 July 2022.
What you need to do
Heck that your software is updated to correctly calculate your employees' SG entitlement from 1 July 2022.
If the removal of the $450 threshold means you'll be paying SG for one or more employee for the first time, you will need to give the employee this form to complete.
If your employee does not provide you with a choice of super fund, review the Stapled Super Fund information on the ATO website for guidance on what you need to do next. A stapled super fund is an existing super account linked to an individual employee
For more information visit the ATO website
17 May 2022 - rural assistance authority - grans and subsidies
The NSW Rural Assistance Authority (the RAA) administers financial assistance programs including transport subsidies for natural disasters to primary producers on behalf of both the NSW and Australian Governments.
Natural Disaster Donated Fodder Transport Subsidy
The natural disaster donated fodder transport subsidy pays for the costs of transporting donated fodder from within NSW.
Natural Disaster Transport Subsidy
The natural disaster transport subsidy is available to farmers who are affected by a declared natural disaster event.
May 1 2022- Small business fees and charges rebate
As part of the NSW Government’s COVID-19 stimulus and recovery plan, small businesses, sole traders and not-for-profit organisations can apply for a rebate to help pay for government fees and charges.
The rebate has increased from $2,000 to $3,000, and eligible employing businesses can use the rebate against 50% of the cost of rapid antigen tests.
Eligible businesses and not-for-profit organisations have until 24 June 2022 to apply for the rebate. You can submit claims for eligible fees and charges until 30 June 2022.