March super payment reminder
Friday 26th April is the end date for satisfying Super Guarantee (SG) super obligations for the March 2024 quarter. But as super clearing houses may take up to 8 days to pass the money through to the super fund, it means that processing and payment to the clearing house should be made no later than
SG deadline reminder for Dec 23 qtr
I trust you had an enjoyable festive season – but it is now time to focus on time critical obligations. So here is a quick SG deadline reminder. With the 28th falling on the weekend and the Australia Day public holiday on the 26th, Thursday 27th January is the end date for satisfying your Super Guarantee
Christmas & tax (& FBT & GST)
Entertaining and providing gifts at Christmas time to staff, customers and suppliers is a cost of doing business. However, there are some important FBT, GST and income tax considerations and outcomes to keep in mind. As an employer, you need to be careful at what you provide at Christmas. The rules are complex and the
Small businesses protection against unfair contract laws
Unfair contract laws to protect small businesses were introduced in 2016. We are pleased to report that as of Thursday 9th November, they have substantially tightened. One of the main changes is that fines can now be imposed against those enforcing unfair contract terms on small businesses. Those fines are up to $2,500,000 for individuals
SG super payment reminder
Friday 27th October is the end date for satisfying Super Guarantee (SG) super obligations for the September 2023 quarter. But as super clearing houses may take up to 8 days to pass the money through to the super fund, it means that processing and payment to the clearing house should be made no later than
Two important WorkCover obligations
It’s a busy time of year and therefore timely to remind you of two important WorkCover obligations. Injured at work posted One of the fundamental WorkCover obligations is to display the If you are injured at work poster. If a Victorian WorkCover official visits you then they ask to see it. And you will be fined
Casual employee obligations
Casual employee – probably the most misunderstood employment term! Whether your employee is causal or not is a question of fact. Yet stories abound about employers wrongly classifying employees as casual. As soon as there is regularity of days and/or hours then they are not casual. In particular, someone who works say Tuesdays, Thursdays and
Reminder about new home office deductions rules
We are returning to the important changes to home office deductions; in particular, how the ATO now requires you to prove the hours you have worked from home to continue to claim under the cents per hour / fixed rate method. You need to comply with the new requirements in order to make a claim
Can I claim the super co-contribution?
Under the super co-contribution scheme, the government will contribute $1 for every $2 of personal contributions made by an employed or self employed person. The maximum government co-contribution is $500. So if you wish to target the full $500, you will need to contribute $1,000. To be qualify, one must:- Be employed with their employer
Unclaimed monies reminder
Unclaimed monies – it such an important but hidden sleeper that it is worth re-blogging about this. When we last blogged on this 5 years ago, there was $1,100,000,000 of unclaimed bank account monies, shares and life insurance. Today it stands over $1,500,000,000. How can I lose money that is mine? The balance of any