Avoiding difficult conversations at work can increase the potential for legal claims, and reduce the employer’s ability to successfully defend these claims. It is understandable why employers often avoid having difficult conversations with their employees as it can be an awkward and time consuming process. An employer may need... read more →
May
21
May
20
Businesses should be aware of their responsibilities at the year-end. Businesses that are unorganised, or make mistakes in their tax return, can lose out on significant tax savings, as well as find themselves liable for penalties. Below are some common mistakes that small businesses often make at year-end: ... read more →
May
16
Australian taxpayers understand tax reform means changes to the tax system to simplify and improve its operation. Most of these changes usually take place as part of the yearly Budget. Budget 2014 contained a number of relatively minor changes that could go into the category of tax reform. None... read more →
May
15
The Government has announced in the Budget that, from 1 August 2014, they will be re-introducing the twice yearly indexation of the fuel tax excise. This scheme is expected to generate $2.2 billion in revenue that is intended to be used for funding new road infrastructure. This change is... read more →
May
15
The Government has proposed some relatively conservative changes to Australia’s superannuation and retirement system in this year’s Federal Budget. Superannuation contribution caps One of the more interesting developments is the indexation of contribution caps from 1 July 2014. Regular indexation of the caps was legislated seven years ago; however... read more →
May
15
Whilst there has not been a change to personal income tax rates in the Budget, there has been some significant re-direction of spending to help build a stronger economy. Temporary Budget Repair Levy The Government announced the introduction of a Temporary Budget Repair Levy of two per cent... read more →
May
15
The 2014 Budget has brought about a number of changes affecting small businesses. Corporate tax rate to offset PPL Levy - The Government has confirmed its commitment to cutting the company tax rate from 30 per cent to 28.5 per cent as of 1 July 2015. However, for large companies... read more →
May
14
The following important tax dates are to assist you with the FBT and Activity Statement deadlines for 2014 as well as advise you of the all important, end of financial year date which is fast approaching. May 21 2014 FBT return - final date for lodgement and payment if required... read more →
May
13
Please find a summary of the significant announcements from the Federal Government's 2014 Budget, followed by further details. Certainly an interesting budget; and “heavy lifting” appears to be the catch cry. There are some key changes that may require some immediate action so please call us to discuss how these... read more →