Author: Jhco Admin

This article was provided from Knowledge Shop. Knowledge Shop® has been helping accountants do what they need to do (and a bit more) since 2000. A subsidiary of ASX listed Easton Investments, Knowledge Shop® was born out of the frustration experienced by a profession trying to keep on top of an increasingly complex tax, super and regulatory environment.

Are you paying your staff correctly? Woolworths $200m plus remediation

The discovery was made as part of a 2 year review following the implementation of a new enterprise agreement but could have been occurring since the implementation of the modern award in 2010. In a statement, Woolworths stated: Annual salaries for store team members are set to cover ordinary working hours and reasonable overtime. However, team members…

Tax alert: Distributions to non-resident beneficiaries

Two new determinations released by the ATO deal with the complex and technical issues that arise when a resident discretionary trust makes a distribution of capital gains to non-resident beneficiaries. The ATO’s view is that in some circumstances, non-resident beneficiaries can be taxed in Australia on gains relating to foreign assets, which would not have…

Towards Zero Interest Rates ( and what it means to you )

Australia and world volatility The ongoing trade war between the US and China has dominated financial market movements recently. The last two trading months have seen increased market volatility. In July, share markets moved higher because interest rate markets moved lower to reflect lower economic growth thanks to the trade war. There have however been…