Super Guarantee – Employee Stapled Super Funds Employers will soon be required to undertake an extra step in the super guarantee (SG) process if new employees have not provided them with their super membership details. Currently, employers must pay SG contributions to their employer-nominated fund (default fund) by the due date where employees have not […]
Queensland $5,000 Business Basics Grant Applications for the Queensland Government’s Business Basics Grant will open Monday 31 May 2021. This $5,000 grant is designed to assist new and emerging businesses to increase core capabilities and adopt current best practice. Funded Activities The grant can be put towards the following activities: Training and coaching Business development, marketing, […]
Treasurer Josh Frydenberg handed down the 2021-22 federal budget at 7.30pm on Tuesday 11 May 2021. The focus of the budget was on ensuring Australia’s economic recovery, with a focus on job creation, guaranteeing essential services and building a more resilient and secure Australia. Most of the announcements were around tax cuts and large funding […]
The Queensland government has announced another $25 million in grants for small business as part of its ‘Queensland Small Business Month’. The new grants are aimed at assisting more businesses to recover from the COVID-19 pandemic and pursue opportunities to grow and employ more people in the state. The three (3) new grants that have […]
Paying superannuation for your workers is an important part of being an employer. Currently, employers must pay a minimum 9.5% on ordinary time earnings (OTE) to an approved superannuation fund – this is called the ‘superannuation guarantee’ (SG). Payments Subject to SG OTE is usually the amount your employee earns for their ordinary hours of […]
The JobMaker Hiring Credit scheme is an incentive for businesses to employ additional young job seekers aged 16–35 years who were previously receiving financial assistance from the government. The aim of the JobMaker Hiring Credit scheme is to subsidise an increase in your number of employees, not reduce the cost of replacing existing employees. As an […]
By comparison to many countries, Australia has managed the COVID-19 pandemic well, but good management isn’t enough to protect us from the $213.7 billion deficit in 2020-21. The Government has taken to heart the old adage, “You have to spend money to make money” to trade our way out of a black hole. Some of […]
A range of healthcare professionals and businesses trust us to look after their taxation and accountancy affairs so they can focus on more important things like the health and wellbeing of their patients. Here are nine ways we help healthcare businesses and professionals. 1. Taxation legislation compliance Medical practitioners are typically among the highest earning […]
Many business owners find doing the bookkeeping too time consuming or a bit of a bore and a chore. It can be hard for our team to relate to, but we get it. If your passion lies elsewhere, the last thing you feel like doing is putting your passion on hold for a day to […]
“Make sure you work on the business, not just in the business” – it can be easier said than done. Whether you are looking to take the next step in expanding your business operations or your enterprise is well-established and in need of a bit of a refresh there are a few strategies we use […]
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