Important changes in super contributions

Posted by on Jul 31, 2013 in Blog / News | Comments Off on Important changes in super contributions

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imagesDid you know that as of 1 of July 2013 the Super Guarantee amount changed from 9% to 9.25%? This is something that will generally be updated in your accounting or payroll package but you will need to double check that it actually has been updated. We have experienced a number of software programs that don’t update the amounts but also don’t inform you that it is a manual procedure. This is one of the reasons why we love Xero, it does it all automatically for you for no extra cost such as annual upgrade fee.

We were able to save a client $960 per annum and get them up to date, just by changing their payroll system from an outdated dedicated desktop system to a full online accounting package in Xero. They are still using their previous accounting package but use Xero for payroll. I can only imagine how many other business have been caught by the trap of using multiple software systems and paying those annual upgrade and backup fees when you can get a package that does the whole lot in one!

For more information on the changes to super go to http://www.ato.gov.au/Business/Employers-super/How-much-to-pay-and-when-to-pay/

If you are interested in seeing if we can find a solution that updates your current systems, fits your business model and saves you money, contact us today on (02)9939 0990 or info@australcloud.com.au for an obligation free chat.

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