Understanding and Choosing the Right Method for a Business Pay As You Go Instalments or PAYG Instalments are implemented by the Australian Taxation Office (ATO) to help businesses and individuals meet their income tax obligations throughout the financial year. It…
How a Bookkeeper Can Help Assist a Business in Financial Trouble Bookkeepers can play a crucial role in identifying the signs of a small business in debt. By closely monitoring the financial records and analysing key financial indicators, they can…
Steps to Set Up for Success in Business – Step 2 When your business is up and running, it means you have successfully launched your venture, have customers, and are generating revenue. However, the work continues. To protect your investment and…
Setting up your own business is exciting but can also be challenging if you’re not prepared. To ensure a smooth start, there are obligations a new business needs to consider. It’s important to note that starting a business is challenging…
Significant Changes Coming to Modern Awards Starting May 1st, 2023 Annual Shutdown Provisions Following previous reviews in February 2019 and August 2022 of “annual shutdown” provisions in modern awards, the Fair Work Commission (FWC) will further amend the annual shutdown provisions…
Information For Employers & Employees Employees use the Super Choice Form to choose the superannuation fund into which their employer will pay their superannuation contributions. Employers must provide a standard choice form to employees at the commencement of employment. The…
A recent decision from the Federal Court will change the way you roster employees to work public holidays. If you weren’t already aware of this ruling, it’s important you get across this quickly, as employers now need to make sure,…
Paid Parental Leave to be Extended to 26 Weeks by 2026 In an effort to close the gender pay gap, increase women’s workforce participation, and provide families with more flexibility during their children’s formative years, the Paid Parental Leave (PPL) system…
Working From Home – Modernised Fixed Rate Method The method by which taxpayers claim deductions for costs incurred when working from home has been updated by the Australian Taxation Office (ATO). The modifications are intended to represent current work-from-home arrangements…