The Contractors Who Inadvertently Bankrupted Their Boss
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The Contractors Who Inadvertently Bankrupted Their Boss

ByLindsay Arceo

So you thought contractors were a better option than employees? A recent insolvency in Sydney makes compelling reading if you employ contractors. A cleaning company engaged its workers via contract. (At this point it is important to understand that just having an ABN or merely saying you are a contractor does not make it so….

Tax Deductability of Late Employee Superannuation Payments
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Tax Deductability of Late Employee Superannuation Payments

ByLindsay Arceo

If you pay your employee superannuation late, it ceases to become a tax deduction! This means that you will not only pay the superannuation (eventually), but you will effectively pay more tax of between 34.5% and 49% of the super paid late depending on your personal tax rate. One day late is sufficient to remove…