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$2 million loan to assist first start farmers and succession planning
The Federal Government backed lender, Regional Investment Corporation (RIC), have launched their anticipated AgriStarter loan to assist first time farmers and support farm succession plan arrangements.
Government proposes changes to Fair Work Act
On Wednesday 9 December 2020, the Federal Government tabled a Bill with a number of proposed changes to the Fair Work Act, 2009. Importantly, these proposed changes are not law and may well again change or not be pursued by the Government when Parliament resumes in 2021.
What you need to know to claim staff gifts and celebrations this year
The countdown to Christmas has begun! Decorations are being put up, and Christmas parties are booked in. Many Australian businesses will pay for their staff, and in some cases partners, to kick up their heels at an end of year celebration or give a nice gift.
As an employer, there are a few things to be aware of when planning Christmas parties or giving gifts, if you want to keep your tax bill in check or claim a deduction on your festivities.
As an employer, there are a few things to be aware of when planning Christmas parties or giving gifts, if you want to keep your tax bill in check or claim a deduction on your festivities.
E-bikes – the next salary packaging craze?
Australia offering fast tracked permanent residency for global talent
It’s official – Australia is actively seeking the best and brightest talent from around the world and will bend the visa rules when they find it!
Victorian state budget 2020-2021
NSW Budget 2020-21
The NSW Budget released on 17 November 2020 offers further necessary tax relief and incentives particularly for small business employers, commercial landlords and retail tenants. Perhaps more significantly, it heralds significant state tax reform which may be a template for similar reforms in other states and territories.
Reshaping businesses in the time of Covid
If you own, run or manage a business then uncertainty is part of your daily life. It is an inescapable reality that can throw strategies off course and stunt progress. But uncertainty can also be a catalyst for change. When ‘business as usual’ is no longer possible, it creates a moment for leadership to pause and consider what the business does next.
Working from home – is it the new normal?- Guidance for employers
Covid 19 has much to answer for including for many people changing the look of their workplaces in the short or long term. Many Australian’s found themselves forced to work from home. For many employers and employees this was not a change that they had anticipated nor one for which any forward planning had occurred. Many employers and employees, prior to coronavirus would have denied that their work could be successfully undertaken other than in the traditional workplace.
ATO review of high wealth tax payers begins
The Australian Taxation Office (ATO) is renewing their focus on privately owned and wealthy groups under their four year Next 5,000 tax performance program with the recent commencement of new reviews under this program. One of the areas of interest for the ATO under the review is formal tax governance, which is not common for private groups. We encourage all wealthy private groups to understand what this new approach means and to be prepared for a review on these matters.