EOY 2021 – Important Changes & Tax Tips for Individuals
Individuals always go through the most amount of changes when it comes to tax Law and associated rules. Many of these are subtle (such as minor changes to rates and thresholds), and some that are
“Wage Theft” Is Now A Crime
Action Points Employers should review their payroll to ensure: The correct award is being applied to staff; The correct classification within the award is being applied to staff; The minimum pay rates are being met;
Financial Support During Vic Lockdown v4
Action Points Both the Federal Government and the Victorian Government have released details of their support packages for businesses and employees effected by the recent lockdown. To access support, you need to manually apply –
Important SMSF Changes for 2021/22
In the past 12 to 18 months, there have been some important changes to the rules surrounding self managed superannuation funds that you should be aware of, namely: Changes to rules about who can audit
Federal Budget 2021
BUDGET SUMMARY The Government has been clear: the way out of our budget crisis is to create jobs and grow the economy, and the Government has used this to include a focus on women –
Single Touch Payroll is Mandatory (even if you are your only employee)
Action Points All wages must be reported via Single Touch Payroll from 1 July 2021 – and this includes payments to owners. If you do not have payroll software, now is the time to get
New Rules For Casual Employees
Action Points Employers must provide a “Casual Employment Information Statement” (obtained from the below links or directly here) to all casual employees ASAP. Employers should also immediately review their casual employees to ensure they meet
Using Secure Passwords
HOW PASSWORDS ARE CRACKED There are a few ways that hackers can gain access to your online services – some cleverer than others – but the main ones we’ll focus on here are: Data breaches
Email Deliverability
THE PROBLEM With digital being the primary method of communication these days, it’s important to ensure that you are receiving the emails you should be. This is primarily done with the following methods: Add the