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We have big news… The Macro Group are excited to announce that we have been awarded GGI Member Firm of the Year 2023! The award was accepted by Nicole Bryant, Managing Director, in Lisbon, Portugal this October amongst a group of peers from across the world.
Last week, two new tax incentives were passed into law which will benefit small and medium-sized businesses. 1. The Skills & Training Boost - from 30 March 2022 to 30 June 2024. 2. The Technology Investment Boost - 30 March 2023 to 30 June 2023. These measures will assist small and medium-sized businesses to recover some of their investment costs in digital technology and upskilling employees.
On 19 September 2023 the QLD Revenue Office issued additional guidance on relevant contracts for medical centres.
Far reaching legislation called the Fair Work Legislation Amendment (Closing Loopholes) Bill 2023 recently was presented into Federal Parliament. If passed, it may significantly impact how you interact with your employees.
Ahead of 30 June 2023, it is important that certain items are prioritised to ensure that you or your business is prepared for a smooth tax time for the 2022-2023 financial year.
The Fair Work Commission last week handed down its annual wage review decision. The Commission has decided to increase the minimum wage in all modern awards by 5.75%. These increases will take effect from the first full pay period commencing on or after 1 July 2023.
Last night, the Treasurer delivered the federal budget for 2023-2024, announcing a budget surplus for the first time in 15 years. On the face of it, the budget was full of discrete measures targeted to assist those in society deemed most in need of help. However, we have delved deeper into the details of the budget and discovered that there is still more good news than bad news out of this budget for small and medium business owners and associated families. We have summarised below our view of the top things our Macro clients need to know.
Last week we saw the Reserve Bank announce a 10th interest rate rise since the low in November 2020. For many mortgage holders on fixed rates, the impact may not yet be felt. However, we have crunched the numbers and report below the estimated interest expense increase, based on rates we can see in the market. Here are the top 5 things to action today.
Last month, significant media coverage was dedicated to medical operators in Queensland now being subject to Queensland payroll tax on the patient fees remitted to practitioners who practice in the medical centres run by those operators. Even if a medical centre only provides administrative services to practitioners (under service agreements), payroll tax may still apply if the medical centre exercises administrative or operational control over the practitioners’ operations.