Accountants ‘at epicentre’ of growth in non-bank finance
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Following the government’s budget announcement that it will allow high-income earners to exclude wages from certain employers from SG, the ATO has provided information on the application process for this.
Under this new budget measure, the ATO said individuals with more than one employer who expect their income for SG purposes will exceed $263,157 for the financial year will be able to apply for an exemption certificate to release some of their employers from their SG obligations.
Read the full article at SMSF Adviser.