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Industry News August 2023

Its hard to believe but we're already through July! Here is what you need to know for the month of August. This month there are four key dates you need to note and make sure you don’t miss: Monday 14 August Lodge PAYG withholding payment summary annual report for:...

Family and Domestic Violence Leave

From 1 August 2023 small business employers are required to provide their employees with 10 days paid family and domestic violence leave (FDVL) per year.Businesses with 15 or more employees have been required to do this since 1 February 2023. 👉 Casual staff are...

Industry News July 2023

Welcome to July! Here is what you need to know as we head into the new financial year of 2024. This month there are four key dates you need to note and make sure you don’t miss: Friday 14 July End of year finalisation declaration through STP due. Friday 21 July Lodge...

Are you prepared for the impact of the Secure Jobs, Better Pay bill?

The new era of industrial relations in Australia is here. We are seeing some of the most significant changes to the Federal Industrial Relations system since the introduction of the Fair Work Act in 2009. The Fair Work Legislation Amendment (Secure Jobs, Better Pay)...

Register for the Digital Jobs for Manufacturing Program

The Victorian Government is running the Digital Jobs for Manufacturing Program. This program pays up to $5,000 per nominated employee to enrol in a 12-week online, part-time course to develop digital skills. You can nominate up to five employees to undertake the...

Do you feel like you have support from your accounting firm?

Do you feel like you have support from your accounting firm?

In this blog, we are sharing the story of how we partnered with one of our clients to achieve a genuine turnaround in his business – and what we both needed to do to achieve it. If you are feeling stuck in a rut with your business, then this is a must-read.Our client...

What the Minimum Wage increase means for you

What the Minimum Wage increase means for you

Minimum Wage and Award Increases Last Wednesday, the Fair Work Commission announced two increases that will impact most employers. National Minimum Wage The National Minimum Wage will increase by 5.2%, which amounts to $40 per week for a full time employee. This...

Happy End of Financial Year!

Happy End of Financial Year!

It may have come around faster than ever before, but EOFY is here – and that means deadlines and changes! We are here to support you with a comprehensive overview of everything you need to get your business up to date and compliant as we head into the new financial...

Director Identification Number

Director Identification Number

Director Identification NumberEffective 1st November the ATO has implemented new requirements regarding director identification numbers.  The following covers the key changes to be aware of.If we manage your ASIC on your behalf, we will require your Directors ID.What...

The Sting to Instant Asset Write-off

The Sting to Instant Asset Write-off

The Sting to Instant Asset Write-offMany businesses have embraced the current instant asset write-off rules to expense a business asset 100% in the year of purchase. This is allowing businesses significant tax relief in the current climate. Politicly, it has been sold...

The New Lifetime Director IDs

The New Lifetime Director IDs

The New Lifetime Director IDsDirectors will be required to register for a unique identification number that they will keep for life, much like a tax file number under a rewrite of Australia’s business registers.ASIC does not currently verify the identity of directors...

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