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Helping you reduce tax, protect your interests, and grow your income as professional business advisors and accountants.
Tax on Employment Termination Payment – What You Need to Know
When an employee or staff member is let go or quit; there may be a chance they are owed money, otherwise known as employment termination payments. If an employee leaves the business, they may be entitled to several lump sum payments, many of which are taxed differently to normal income. Understanding the tax on employment
Evening the playing field – Unfair Contract Terms Small Business Update
After major findings regarding unfair contract terms small business, the Australian Competition & Consumer Commission has proceeded with the investigative focus, to make sure small business receives appropriate protection. Section 23 of the Australian Consumer Law (ACL) introduced in November 2016 prohibits unfair contract terms in the majority of small business contracts. The unfair contract terms
ATO targeting cash-only businesses
To protect honest, compliant Australian businesses, the Australian Taxation Office (ATO) has placed a strong emphasis on targeting cash only businesses and the hidden economy. Cash Only Businesses that will be Targeted The ATO is visiting businesses that deal predominantly in cash, with a focus on those that: Neglect to meet super or employer obligations
Boosting employee engagement
Ensuring employees are focused and committed to their work will ensure a valuable and profitable contribution to your business. Learn how to improve employee engagement with these tips or contact our small business advisors for help. While daily tasks vary based on the type of industry and business, there are universal strategies that employers and
Digital Currency Taxation Changes
Recent announcements have changed the way digital currency taxation is applied. The Government has declared that the GST treatment of digital currency (cryptocurrency) like Bitcoin, is now the same as using traditional currency like our Australian dollar for purchases of goods and services. What do the changes in digital currency taxation mean for you? Businesses
Fair Trading Public Holidays – Don’t get caught out
With regards to Fair Trading public holidays, businesses have the responsibility of getting it right. Think about the following: National Fair Trading Public holidays Under the National Employment Standards (NES), the following days are national public holidays: 1 January (New Year’s Day) 26 January (Australia Day) Good Friday Easter Monday 25 April (Anzac Day) Queen’s