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ATO Announces areas of focus at tax time.

The ATO has revealed four key areas it will be focusing on as businesses prepare for tax time.

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Increase To The Minimum Wage – Stage 3 now in action!

The National Minimum Wage increased by 2.5% per cent to $20.33 per hour, for a full-time award-free adult employee who is not an apprentice or a trainee.

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Government locks in director ID deadline.

Current Australian directors will now have one year to apply for their unique director identification number before fines of over $1.1 million kick in for non-compliance.

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Super choice rules changed from 1 November.

You’ll have an extra step to take if you have new employees who start from 1 November 2021 and they don’t choose a super fund.

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Australians have lost $63m to phone scams in 2021.

Scamwatch is urging people to be extra vigilant about scams after Australians reported a record $211 million in losses to scams so far this year, an 89% increase compared to the same period last year!

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APRA boosts lending buffer to cool home loan risks.

APRA hopes changing the rules around how bank assess the serviceability of home loans will cool rising household debt levels.

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Business Construction Grants – get the facts on the recent announcements.

The Victorian Government’s Business Costs Assistance Program Round Four - Construction provides one-off payments to eligible employing and non-employing businesses in the construction sector.

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COVID Vaccination Policy – Employers & their Duty of Care.

Our good friends at Law Squared? are helping to provide our clients & community some clarity on one of the pressing issues around vaccinations and the workplace.

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RevOps is the new go-to strategy for business operations – Here’s Why.

As a business, your top priority should be providing the best customer experience, for each and every customer. Your aim will be to build on customer relationships, and make lasting impressions.

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More businesses eligible for recovery loans up to $5m.

The government has dropped criteria for its SME Recovery Loan Scheme, meaning more businesses with a turnover up to $250 million can have access.

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Private health insurance & tax rebates: understand what the Medicare Levy Surcharge is, why you may need to pay it, and how it’s different from the Medicare levy.

We understand people may be thinking about cancelling private health insurance in these challenging times. There are some things you should consider first...

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Victoria receives additional business support.

Victorian premier Daniel Andrews announced an additional $400 million support to businesses on Wednesday 27th July, in partnership with the Commonwealth, as the state re-emerged from its fifth lockdown.

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