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Annualised salary changes to some Awards – is your business prepared?
In the wake of the alarmingly increasing number of employers being found to have underpaid their employees, the Fair Work Commission (FCW), has made a decision to change the annualised salary arrangements contained in 19 Awards and to insert an annualised wage clause in 3 additional Awards. These changes take effect from 1 March 2020, so if you currently use annualised salary arrangements under an Award, you need to be prepared for the new requirements.
Victorian discretionary trusts face foreign purchaser additional duty
Victorian discretionary trusts intending to purchase residential land should take action now to avoid the 8% foreign purchaser additional duty.
Grants available for those impacted by Australian Bushfires
The impact of the Australian bushfires has been devastating, particularly on the people across eastern Australia. Both the Australian Red Cross and Australian government have grants available to those in financial hardship as a result of this tragedy.
Trade and Investment Queensland – Go Global Export Grant now open
Trade and Investment Queensland (TIQ) are now offering eligible Queensland businesses export grants ranging from $2,500 to $25,000 (excluding GST). The Go Global Export Grants are based on a 1:1 co-contribution basis and provide Queensland export-ready small and medium-sized businesses with financial support to enter a new international market.
Director Liabilities extend to GST
The Parliament recently passed changes to the Corporations Act and Tax legislation in relation to combatting ‘illegal phoenixing activities’. While the aim of the changes is to stop company directors closing a company, walking away from its liabilities and starting a new company performing similar activities, the impact of the changes go much further.
New First Home Buyers Scheme provides a leg up
The new government first home loan deposit scheme (FHLDS) allows eligible first time buyers to take out a mortgage with just a 5% deposit and avoid paying lenders mortgage insurance.
How to ensure your business thrives even in a downturn
Much noise is being made at the moment about the slowing of Economic Growth in Australia. In addition to this there are many issues that are impacting local and global confidence, including for example falling interest rates and the China/US trade war.
Mazars reports outstanding performance in 2019
Unprecedented 10.4% revenue growth (9% organic)
Milestone year for international expansion
On track to achieve 2020 objectives
Milestone year for international expansion
On track to achieve 2020 objectives
NSW Land Owners – Act now to avoid penalties
NSW Landholders have two weeks to address any possible land tax exposures they may have in order to avoid penalties.
Now is the time to make sure you are paying your employees correctly
2019 was full of high-profile cases where big and small businesses had failed to pay their employees correctly. Although the phrase wage theft was bandied around with abandon, in our experience it is very rare for employers to deliberately underpay their employees. However, what these high-profile cases demonstrate is that understanding Industrial Awards and applying them to complex working hours arrangements is not easy and mistakes can easily be made.