The coronavirus (COVID-19) presents a significant threat to our health but is now also impacting businesses across the world. The containment of the pandemic is already resulting in dramatic fluctuations in supply and demand, labour…
Ten million hectares, lives lost, wildlife on the brink, billions in lost revenue and clean-up costs. For many, returning life to normal is a long way off this summer. We summarise the help available to…
The countdown to Christmas is now on and we’re in the midst of the headlong rush to get everything done and capitalise on any remaining opportunities before the Christmas lull. Busy period or not, Christmas…
Employees with multiple employers can now opt-out of superannuation guarantee from all but one employer. Employers are required to pay 9.5% superannuation guarantee for all eligible employees. But what happens if you are an employee…
How employers are being caught out by the timing of superannuation guarantee payments. Employers can generally only claim a deduction for superannuation contributions in the income year in which the contribution is made. Super contributions…
Woolworths is the latest company to facing a fallout from the underpayment of staff. In what is believed to be the largest remediation of its kind, Woolworths have stated that they have underpaid 5,700 salaried…
Getting your business up and running can be a real challenge. Acknowledging this, start-up incubator Runway Ballarat provides fledgling businesses with support to fast-track and scale growth. The Incubator Program also connects entrepreneurs with quality…
The Australian Taxation Office (ATO) has revealed how it is going to use Single Touch Payroll (STP) data, acting as a warning to non-compliant employers. ATO Deputy Commissioner James O’Halloran indicated that the office is…
If you’re like many businesses, you’re probably already using a cloud-based accounting package such as Xero, MYOB, Reckon or Quickbooks. However, chances are that you still have plenty of manual paper-based processes in your business.…
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, however, the incentive of the amnesty is strengthened by harsh…
