Are you paying your staff correctly? Woolworths $200m plus remediation
Woolworths is the latest company facing a fallout from the underpayment of staff. In what is believed to be the largest remediation of its kind, [...]
The new rules for calculating the Super Guarantee for employees
From 1 July 2020, new rules will come into effect to ensure that an employee’s salary sacrifice contributions cannot be used to reduce the amount [...]
Your right to know. Can the tax office take money out of your account?
You might have seen the recent spate of media freedom advertisements as part of the Your Right to Know campaign. The prime-time advertising states that [...]
Vacant land deduction changes hit ‘Mum & Dad’ property developments
Legislation that passed through Parliament last month prevents taxpayers from claiming a deduction for expenses incurred for holding vacant land. The amendments are not only [...]
Common errors associated with the Super Downsizer Scheme
The Super Downsizer Scheme started on 1 July 2018 and has allowed older Australians to sell their homes and contribute up to $300,000 of the [...]
Three wise FBT tips for Christmas
Employers know that popping a champagne cork or two to celebrate the festive season lets staff know their efforts are appreciated, but the well-prepared business [...]
Why having an accountant is better for your business
Many small business owners think they’re saving money by handling their financials themselves. While it’s a real asset to learn bookkeeping basics, cash flow management [...]
Return of the Super Guarantee Amnesty
The Government has resurrected the Superannuation Guarantee (SG) amnesty giving employers that have fallen behind with their SG obligations the ability to “self-correct.” This time [...]
What to do if you get audited
No business owner looks forward to a letter from the taxman requesting a closer look at the books. If you’ve received an audit letter – [...]
How cloud accounting can improve your business
Don’t be left up in the air by traditional IT solutions. Check out the advantages for small businesses switching to cloud computing. Cloud computing is [...]
