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National Wage to increase 3% from 1 July 2019
On 30 May 2019 the Fair Work Commission handed down the latest National Wage Case decision. This decision provides for a 3% increase to be applied from the first full pay period after 1 July 2019. However, this does not mean that everyone gets a 3% pay increase
Are you ready for the Single Touch Payroll deadline?
Have you sorted out Single Touch Payroll arrangements for your business? If not, it’s time to take action! All businesses must be fully on board with this electronic payroll reporting standard by the end of September, which may mean upgrading or purchasing new payroll software.
Mazars Expands in Australia: A story of continuous global growth
Mazars is pleased to announce its expansion into Australia with the merger of three well-respected professional services providers based in Brisbane, Sydney and Melbourne. This integration further strengthens Mazars capabilities in the Asia Pacific Region, where the firm now deploys over 6,000 professionals across 52 offices and 15 countries and territories, most recently through expansion in China.
How to manage mental health in the workplace
Our workplaces are just like any other community and is a microcosm of the community at large. This includes employees who are experiencing mental health challenges.
How to prepare for June 30 2019 and what you should consider
If you have enjoyed a good income year now is the time to get a handle on how that is going to translate into tax liabilities and take some pre-emptive steps to minimise them.
Tax Exemption for New Zealand citizens in Australia
Certain New Zealand citizens living in Australia are in the fortunate situation of being treated as a Temporary Resident for Australian tax purposes.
The extinction of Desktop accounting solutions– is your business ready?
As cloud-based software becomes increasingly popular software providers are choosing to reduce and, in some cases, discontinue desktop accounting products forcing clients to switch to more efficient solutions. Amidst some frustration from businesses, MYOB is the latest supplier to announce the end of an era for their desktop software, AccountRight v19, ceasing support on this product from September 2019.
How does the $30,000 Instant Asset Write-off work?
The 2019-2020 Australian Federal Budget included an increase in the ‘Instant Asset Write-off’ for assets costing less than $30,000 (ie $29,999).
This allows businesses that meet the relevant turnover criteria to claim an income tax deduction in full for the cost of purchasing an asset that costs less than $30,000.
This allows businesses that meet the relevant turnover criteria to claim an income tax deduction in full for the cost of purchasing an asset that costs less than $30,000.
Redundancy and redeployment - the Devil is in the detail
A recent decision of the Fair Work Commission (FWC) highlights the importance of accurately documenting the redundancy processes, including any alternative offers of employment.
2019/20 Federal Budget Tax Brief
The Federal Treasurer, Mr Josh Frydenberg, handed down the 2019/20 Federal Budget at 7:30 pm (AEDT) on 2 April 2019.