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Are you paying your staff correctly?

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…

Vacant land deduction changes

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 retrospective but go beyond purely vacant land. Previously, if you…

Investment Watch: November

The way the Communist Party of China sees the world is in terms of historical progress outlined first in Marx and second in Lenin (see Morgans recent article “How the US China trade war caused…

PPT supports local start-up businesses

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…

Tax planning should be an ongoing process

For most, tax planning is typically done before the end of the financial year, in June. At this time, you review your financial situation and likely tax position with your accountant, then also forecast what…

Win more jobs with professional quotes

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.…

Economic Outlook

Investment Watch: October

The new financial year has started on a reasonable footing supported by monetary policy (reduction in the official cash rate) and fiscal expansion (tax cuts and rebates). A pick-up in consumer confidence and PMI points…

Super Guarantee Amnesty Resurrected

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…

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