Monthly Archives: July 2013

HD ABC Consultancy

Is your business paying too much super?


Is it time your business had a health check? Time and time again I see many businesses paying too much super or even worse receive an unwanted lump sum super bill from the ATO for their ‘workers’.

The rules relating to the calculation of super for workers are quite complex. For instance, a common mistake many businesses make who employ individual contractors assume these payments for contracts do not attract super. The determination of super in this example is dependent on a number of facts regarding the contractor and their relationship with the business.

Super is a constantly evolving area and businesses need to ensure their accounting and payroll solutions are adaptable and up to date for these changes. From 1 July 2013, the superannuation guarantee rate will increase from 9% to 9.25%. The minimum rate will continue to rise progressively each year up until 1 July 2019 where the minimum rate will be 12%.

Business owners need to understand their position and implement strategies to minimise potential costs later down the track. Business owners need to ensure they’re getting the right advice in a timely manner and ensure they are using the right business solutions to support their business.

For further information or proactive advice to help your business, contact Matt on 0478 672 714 or email


Payroll tax relief for NSW businesses


Recently the NSW Government announced the following payroll tax changes that could promote business growth:

  1. The ‘Jobs action plan’ was extended to 30 June 2015. This plan provides a payroll tax rebate of up to $5,000 to businesses over a 2 year period who expand and employ new workers within NSW. Businesses that employ a new staff member in a new position within the business from 1 July 2013 will receive a $2,000 payment at the end of the 2014 financial year and a $3,000 payment at the end of the 2015 financial year.
  2. The NSW payroll tax threshold has increased to $750,000 from 1 July 2013. Businesses start paying payroll tax once annual salary costs exceed this threshold. The increased threshold will provide businesses with potential savings of approximately $3,000 per year.

For further information or assistance with respect to the above changes, contact Matt on 0478 672 714 or email