Effective from the first full pay on or after 20th November 2020 Fair Work Commission revised several (97) awards in relation to overtime payments, minimum engagement periods and conversion from casual to permanent employment.These changes are (some may already apply…
From 1st January 2021, eligible businesses experiencing financial distress can access a new, simplified debt restructuring process that allows them to restructure their existing debts while remaining in control of their business. The reforms are intended to reduce the cost…
Why going digital is more important than ever! With the current focus across the Bookkeeping community on a change in tax record-keeping obligations to encompass all things digital plus the need to businesses to adapt to a new era in…
Are gifts to your employees, clients, and suppliers claimable as a business expense? Gifts may be classified as “entertainment” and therefore not claimable or subject to Fringe Benefits Tax (FBT). For gifts such as wine, food, hampers, vouchers, etc., these…
Earlier in the year The Government announced a range of measures to help tenants and landlords affected by COVID-19 for the period during which the Commonwealth JobKeeper program remains operational. This included a temporary hold on evictions and a mandatory code of…
Australia has over 3.5million small businesses. Small businesses contribute to a third of our economic activity, keep millions of Australians in jobs and are responsible for paying wages to almost half our workforce. They are vital to our everyday lives…
What we know The Media has begun talking about the new “Director Identification Numbers” as though they are about to be imposed.This concept is real, the law is happening, the system will get here but not in the short term.The…
Salary Sacrificing Super An employee may agree to sacrifice part of their salary or wages to their superannuation fund from their gross earnings. It’s important for the employee to review and understand the thresholds to ensure the total of salary…
Now that many small businesses have settled in to a new way of working, with many staff working from home, it is a good time to consider digital security; a time to look at backup plans to ensure data access,…
