Super contribution caps to rise The big news story for those contributing to super is that the contribution caps are set to increase from the 2025 income year. The concessional contribution cap will increase from $27,500 to $30,000. This ‘CC’ cap is broadly applicable to employer super guarantee contributions, personal deductible contributions and salary sacrificed contributions. The non-concessional contribution cap will increase from $110,000 to $120,000. This ‘NCC’ cap is…  Read more

Lodging of Taxable payments annual reports The ATO reminds taxpayers that it is now time for them to check if their business needs to lodge a Taxable payments annual report (‘TPAR’) for payments made to contractors providing the following services: (a)     building and construction; (b)     cleaning; (c)     courier and road freight; (d)     information technology; and (e)     security, investigation or surveillance. TPARs are due on 28 August…  Read more