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Superannuation Work Test Age changes create opportunity
Changes have been made to the Superannuation Industry Supervision (Regulations) to increase the age limit for making superannuation contributions without being required to meet the requirements of the ‘work test’. This was a change announced as part of the 2019-20 Federal Budget.
Technology holds the key to hospitality’s post Covid future
Against a background of economic uncertainty, the hospitality industry, in particular the accommodation sector, is preparing to re-invent itself with recent technological investments and stringent health and safety.
Mazars expands Tax division appointing new Partner
Mazars announces the appointment of Tax Partner, Robert James, expanding its tax consulting division in Melbourne.
Covid-19 is no reason for taking your eye off the ball on wages compliance
We are all being impacted in different ways by Covid-19. We are under pressures in running our businesses that have never occurred before. For many businesses making small savings day to day may well be the difference between continued operation and having to throw our hands in the air and give in. In these difficult times, we would all be forgiven for thinking that now is not the time to introduce new penalties, however a number of State governments do not agree with this sentiment. Victoria, and now Queensland have passed legislation which not only makes it an offence to underpay employees, as it already is, but they have introduced the additional penalty of potential imprisonment for business owners and operators.
Government support for Victorian businesses
Victorian businesses within metropolitan Melbourne and Mitchell Shire that have been affected by Stage 3 coronavirus restrictions now have access to an additional financial support package.
Jobkeeper 2.0 – What we know and what it means for employers
On 21 July 2020 the Federal Government announced the future plans for the Jobkeeper wage subsidy. The current program will conclude at the end of September 2020, and an alternative version of the Jobkeeper wage subsidy will then commence for employers who meet the ongoing eligibility criteria.
COVID-19 Government Support Package Changes
On 7 August 2020, the Federal Government announced further proposed changes to the JobKeeper payment.
The removal of Special Purpose Reporting
For many years, directors of for-profit private entities have enjoyed the liberty of determining the type of financial statements that they will prepare for an entity. This discretion to prepare an often much less detailed set of Special Purpose Financial Statements (SPFS) to meet their reporting requirements is soon to be removed.
Do you employ an Army, Navy or Air Force Reservist? If so, do you know your obligations as an Employer?
Mazars HR is proudly an employer who supports Defence Reservists. In our experience, the benefits far outweigh the responsibilities, even though having your valued employees absent from time to time can be a challenge.
COVID-19 implications for M&A transactions
Extended periods of volatile economic and market conditions have been shown to reduce M&A activity. As the coronavirus disease 2019 (or Covid-19) plagues the world, sectors such as manufacturing, tourism, energy, retail and transport are hit hard by the loss of revenue.