Tip 2: Pay employee Superannuation prior to 30 June, 2017
Employee Superannuation can be paid prior to 30 June, 2017 to maximise the tax benefit for the employer. Super payable includes the Superannuation payable to directors that draw a salary too. Remember that funds must have cleared bank accounts prior to the end of the month so process the transfer at least a few days before the end of the financial year.
Disclaimer: This article contains general information only and is not intended to constitute financial product advice. Any information provided or conclusions made, whether express or implied, do not take into account the investment objectives, financial situation and particular needs of an investor. It should not be relied upon as a substitute for professional advice.