As the festive season approaches, many employers start thinking about how they can celebrate Christmas with their teams. Christmas parties, gifts, and other end-of-year perks are a great way to show appreciation for hard work and boost morale. However, before you get too carried away with the celebrations, it's important to understand if and when FBT will apply.
This one is for all company Directors – we have an important update! The Australian Tax Office (ATO) have been cracking down on company debt and issuing Director Penalty Notices (DPNs) in an attempt to recover outstanding company liabilities.
As business owners, it can be very difficult to find and retain talent in today’s highly competitive market. But people are your most valuable asset, and investing in a strong hiring strategy is crucial to prevent hiring the wrong people - who could quickly turn into a liability.
From 1 July 2025, total superannuation balances of $3 Million and greater may be taxed at 30% on the annual earnings.
Businesses that made payments to contractors or subcontractors during the 2023-2024 financial year may need to lodge a Taxable Payments Annual Report (TPAR) by 28 August 2024.
FY24 has come to and end, but the due dates for Single Touch Payroll (STP) end-of-year finalisations are fast approaching. If you are an employer or employee, here are the key dates, information, and processes you should be aware of.
In 2023, the NSW Government made important changes to the Principal Place of Residence exemption to mitigate loopholes. If you are a current or prospective NSW landholder, here’s a few key points to keep in mind.
In case you missed it… Fair Work’s Closing the Loopholes No.2 Act 2024, passed legislation earlier this year. We have outlined some key areas of the act which will have a large impact on employers and employees.
In 2024, wellbeing in the workplace isn’t a perk, but a requirement of employers who are invested in well-rounded, high performing teams.
Ahead of 30 June 2024, it is important that certain items are prioritised to ensure that you or your business is prepared for a smooth tax time for the 2023-2024 financial year.
The Government has recently announced that Treasury would be undertaking a review of the regulatory framework for managed investment schemes to ensure...