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Have you implemented Single Touch Payroll?

If you are an employer the way you report payments, such as salaries and wages, pay as you go (PAYG) withholding and superannuation will be impacted by Single Touch Payroll.
Businesses who employ 20 or more employees, should have implemented Single Touch Payroll from 1 July 2018. Those who employ 19 or less employees now is the time to get prepared with the 1 July 2019 commencement date fast approaching.

8 ways to kick start a successful year

The start of the year is an ideal time to reflect on the successes of 2018 and picture the achievements you could reach in 2019. Astute business operators harness the perspective that comes with a new year to define and refine their New Year’s resolutions and business goals. With this in mind we share with you 8 tips to kick start your year to achieve a successful 2019.

5 Tips to tackle a challenging annual bank review

There are many reasons for a borrower to feel a level of dread as the annual review and/or banking facility renewal date looms. Some of the more common concerns include the business having had a tough 12 months of trading, the Bank’s equity position may have eroded due to asset values coming under pressure, tax debt has materialised due to cashflow pressures or capital isn’t available to meet impending principal obligations. The natural reaction is to avoid having the difficult discussion with your Banker, or at best to turn up, smile painted on and tell them as little as possible; these are rarely the best approaches!

Are you at risk of breaching a Modern Award?

The Industrial Award system in Australia is extensive. The Modern Award system is intended to cover most work and therefore most employees, providing for minimum enforceable conditions. Although the Modern Award system is generally industry based, there are also some occupational Awards that cover employees in all industries, such as the Clerks - Private Sector Award.