Business alert: Removal of minimum earnings to superannuation
The Federal Government announced in the 2020/21 Budget that it would remove the $450 per minimum monthly threshold in order to [...]
Grants: SA business relief with two additional COVID-19 grants now available
1. Government of South Australia grants – up to $11,000 available. The South Australian Department of Treasury and Finance is
Tax matters: ATO announces major tightening of family trust guidelines.
The ATO has reviewed their approach to the use of family trusts and has recently issued new draft guidelines. Specifically,
Top resources and free apps to help your business in 2022
The phrase ‘time is money’ is particularly true when you are running a business. There are a number of excellent technology solutions that are also free and make your business life so much easier. Here are a few of our favourites for 2022.
How to boost your business performance in 2022
Australia is facing a war for the best talent. Investing in your employees is a great idea in 2022. Retaining good people will also help you achieve your goals sooner. This is the year to establish yourself as a real workplace of choice. Focus on training staff, providing career opportunities, creating a great work culture, and cultivating teamwork.
Director Identification Numbers
A Director Identification Number (director ID) is a 15 digit unique identifier that each new and existing director will need to apply for. Similar to a tax file number each director will have a director ID for their lifetime even if they stop being a director, move overseas or change their name.
Superannuation Changes
For business Employers should be aware that the superannuation guarantee will rise from 9.5 per cent to 10 per cent from July 1 this year, rising progressively to 12 per cent by 2025. Businesses need to ensure that all accounting and payroll systems are updated to reflect the changes and that salary and wage payments are adjusted accordingly to reflect the new regulations. If you have any questions
How to run a successful teleconference
Since Covid-19 the teleconference has gone from an occasional occurrence to a necessity. Now that we have all had exposure
Income Tax Rates Changed for Individuals
As part of government reform, the 2021 upper limits to marginal income brackets for individuals have increased as follows: 19
JobKeeper changes and extension – starts January 4.
JobKeeper 2.0 has been extended until March 28 with details outlined below. Key points: Completion of the December business monthly
HomeBuilder Grant – new extension for contract signing, now 31 March 2021
The HomeBuilder Grant is available through the South Australian Government, with funding provided by the Federal Government. The grant is
Tips – Budgeting for Christmas 2020
Christmas is almost here and shoppers everywhere are getting ready for their annual shopping spree. While consumption seems the name