What changed on 1 July 2022 for businesses?
A reminder of what changed on 1 July 2022
- Superannuation guarantee increased to 10.5%
- $450 super guarantee threshold removed for employees aged 18 and over
- Small business GST and PAYG tax instalments lowered (the total tax liability remains the same, just the amount the business needs to pay through the year is lowered)
- ATO guidance on how profits of professional firms are structured comes into effect introducing new risk criteria
- New guidance on unpaid trust distributions to corporate beneficiaries comes into effect that may treat some unpaid distributions as loans and trigger tax consequences
Feel like sharing?
No items found.
Related Insights
Blog
Caroline Pierce
•
9
September 2025
What is Division 296 and will it affect me?
What is Division 296 and will it affect me?
Division 296 is a proposed superannuation tax introduced by the Labor Government.
Blog
Murray Nankivell
•
4
September 2025
Client Spotlight: Congratulations Kim Dodson!
Client Spotlight: Congratulations Kim Dodson!
We’re thrilled to celebrate the incredible success of our client Kim Dodson, who recently won Muster Dogs – and now, the show has taken out a Logie Award!
Newsletter
Count
•
1
September 2025
Now & Next - Issue 24
Now & Next - Issue 24
The value of active investment management in volatile times, what an ageing population means for healthcare investors
We are here for you
We look forward to working with you to help you achieve a better financial future. Let us guide you on the path to financial success.
Contact your preferred Murray Nankivell office today.
