Single Touch Payroll Reporting – Are you ready?

As a small business employer you would have by now heard of Single Touch Payroll (STP) reporting and perhaps haven’t really had to pay much attention until now….. Single Touch Payroll is the next step in streamlining your payroll reporting. It will change the way you...

Exciting changes affecting 2019 Tax Time

  Effective 29 January 2019 The small business instant write off threshold increases to $25,000!! Plus has been extended up to 30 June 2020 – great news for small business operators   Effective 1 July 2019 SMSF maximum allowable members has increased from 4...

New Casual Employee Fair Work Regulations

The Federal Government has recently introduced the Fair Work Amendment (Casual Loading Offset) Regulations 2018 in response to the Federal Court’s decision in WorkPac Pty Ltd v Skene [2018]. The Federal Court found that an employer’s payment of casual loading will not...

The Dangers of Sham Contracting

The Fair Work Ombudsman has delivered a timely reminder for businesses to avoid dodgy sham contracting practices and of the risk of personal liability for directors and HR managers. The Federal Circuit Court has handed a Gold Coast tour bus operator a fine of $164,475...

Reverse Mortgage – Is it right for you?

Borrowing against your home A reverse mortgage can help older Australians unlock the wealth in their homes after retirement. However, there can be long-term financial risks. What is a reverse mortgage? A reverse mortgage is a type of loan that allows you to borrow...

Is not paying a worker legal?

Generally all workers must be paid for their work. However under the Fair Work Act certain unpaid work arrangements can be lawful. These arrangements can be valuable for both employees and employers for a number of reasons, including assessing a potential employee’s...