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Daily Archives: 08/06/2021

2021 Victorian State Budget Summary

Accounting & Tax, Latest NewsBy Mitchell Partners08/06/2021

The Victorian Treasurer, Tim Pallas, handed down the State budget on 20 May 2021 that included changes to Payroll Tax, Land Tax and Stamp Duty that will affect a range of Victorian business and investors. The key changes are summarised below. Payroll Tax The key changes for Victorian Payroll Tax; The Tax-free threshold will increase…

July 2021 Superannuation SGC increase

Accounting & Tax, Latest News, SuperannuationBy Mitchell Partners08/06/2021

There are a few changes and developments coming to Superannuation Guarantee which all employers and employees need to be aware of. Rate of Superannuation Guarantee increases to 10% Effective from 1 July 2021, the minimum rate of Superannuation Guarantee will increase from 9.5% to 10% of an employee’s ordinary time earnings. Superannuation Guarantee does not…

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