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$50 Million Manufacturing Modernisation Fund
The Federal Government announced a Modern Manufacturing Strategy as part of its JobMaker plan in an effort to stimulate the Australian economy.
E-bikes – the next salary packaging craze?
Australia offering fast tracked permanent residency for global talent
It’s official – Australia is actively seeking the best and brightest talent from around the world and will bend the visa rules when they find it!
Victorian state budget 2020-2021
NSW Budget 2020-21
The NSW Budget released on 17 November 2020 offers further necessary tax relief and incentives particularly for small business employers, commercial landlords and retail tenants. Perhaps more significantly, it heralds significant state tax reform which may be a template for similar reforms in other states and territories.
Reshaping businesses in the time of Covid
If you own, run or manage a business then uncertainty is part of your daily life. It is an inescapable reality that can throw strategies off course and stunt progress. But uncertainty can also be a catalyst for change. When ‘business as usual’ is no longer possible, it creates a moment for leadership to pause and consider what the business does next.
Working from home – is it the new normal?- Guidance for employers
Covid 19 has much to answer for including for many people changing the look of their workplaces in the short or long term. Many Australian’s found themselves forced to work from home. For many employers and employees this was not a change that they had anticipated nor one for which any forward planning had occurred. Many employers and employees, prior to coronavirus would have denied that their work could be successfully undertaken other than in the traditional workplace.
ATO review of high wealth tax payers begins
The Australian Taxation Office (ATO) is renewing their focus on privately owned and wealthy groups under their four year Next 5,000 tax performance program with the recent commencement of new reviews under this program. One of the areas of interest for the ATO under the review is formal tax governance, which is not common for private groups. We encourage all wealthy private groups to understand what this new approach means and to be prepared for a review on these matters.
2020/2021 Federal Budget tax brief
The 2020-2021 Australian Federal Government budget brings enormous stimulus to promote recovery of an economy devastated by natural disasters and the global COVID-19 pandemic.
2020/2021 Federal Budget superannuation brief
With the impacts of COVID-19 continuing to cause havoc across the world, this year’s Federal Budget focused mainly on jobs and getting the economy going again. This left superannuation to take a back seat with the Government holding to their election promise that there would be no adverse tax changes to the superannuation system.