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…
Employers need to satisfy record keeping requirements to be entitled to JobKeeper payments. These include: evidence to support the decision to enter into the JobKeeper scheme, including evidence the employer is eligible and that the decline in turnover test was…
Paid Parental Leave Amendment (Flexibility Measures) Act 2020 As of 1 July 2020, changes to paid parental leave will commence. Eligible persons will be provided with “more flexibility” to use and extend parental leave pay (PLP). Currently under the Paid…
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,…
If you are working from home, we would like to remind you to keep records and receipts for all home office expenses, along with a record of the hours worked from home. Keeping good records now will help to get…
The administration behind the JobKeeper scheme is somewhat involved. Employers, bookkeepers and accountants across the country have been busy since its inception to ensure payments for those eligible are setup correctly. Here is some more detail as to what is…
The JobKeeper Scheme is underway. Here is what we currently know and for all these steps we will be providing you with authorities to enrol you in the system and templates to meet all your eligibility and record keeping requirements…