Bank Account Scams
Be wary of any change to bank accounts via email, and unless you are happy paying an invoice twice you should always confirm a bank account change via a known phone number (and not the phone number stated on the email, because if the email is dodgy, you can bet the phone number in the dodgy email is also dodgy).
Is It Time To Update Your Superannuation Deed?
Your Self Managed Superannuation Fund (SMSF) must obey the laws of the land as well as the rules within its own deed. If the two conflict, the most restrictive applies which can prevent you from taking advantage of tax rules (among other things).
Director ID Numbers – Why, When, and How
Every company Director will be required to obtain a Director ID number with registrations opening from 1 November 2021. Existing Directors will have 13 months to get their Director ID – and while that is a fair way away, we would recommend not putting it off because the penalties for not getting it are steep.
Changes to Superannuation Rules for Employers
From 1 November 2021, when an employer takes on a new staff member, they may be required to ask the ATO if they have a “stapled” superannuation fund that they should make future contributions to.
Mandatory Vaccines in the Workplace – Legal or Not?
On 8 October 2021, the Victorian Government released a public health order that all employers that employ workers in certain industries cannot allow non-vaccinated workers to work from anywhere other than their homes.
In addition, all employers must collect evidence of which employees are vaccinated, and if they are not fully vaccinated, the dates that they have booked in to get their next vaccination dose.
Victorian COVID Support
As we continue to remain locked down as we approach the required vaccination rates, the Victorian and Federal Governments are continually changing the support available to individuals and businesses.