It seems to be increasingly common to hear of large organisations underpaying their staff and while many organisations are caught out, Australian grocery giant Woolworths appears to be attempting to be on the frontfoot, announcing it had plans to remediate long-term underpayment.
As we discuss in our first article this month, it's not just income that's underpaid – it's super, and that comes with penalties. Also this month we look at capital gains and the main residence changes introduced by the Government, changes to vacant land deductions, new rules for calculating the super guarantee, and just what powers the ATO has when it comes to garnishing your money.
As always, if you have any queries, contact our team on 9957 4033.
This article is provided for information purposes only and correct at the time of publication. It should not be used in place of advice from your accountant. Please contact us on 02 9957 4033 to discuss your specific circumstances.