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4 ways accountants can help their clients this tax time
The 2021 financial year has been one of unprecedented change for tax professionals and their clients. This year saw government relief packages and tax incentives continue to support businesses through COVID-19, with much of Australia’s workforce working from home. There’s also been a surge in Australian’s investing in cryptocurrency for the first time, as both businesses and individuals diversify their investments. Navigating the tax implications of these changes means that tax time this year will be […]
Federal Budget 2021: 5 key tax incentives for businesses
The 2021 Federal Budget has delivered a range of tax incentives for small to medium-sized businesses, designed to help the economy continue its recovery from the COVID-19 pandemic. Most notably, extensions to temporary full expensing and instant asset write-offs will provide businesses with a combined $20.7 billion in tax relief. The changes come as the corporate tax rate for small and medium-sized […]
Federal Budget 2021: The 5 most important changes to superannuation
Casual and lower income workers, older Australians, and first–time home buyers were the big winners of the superannuation changes announced in the 2021 Federal Budget. The changes will see Australian businesses pay increased contributions to their employees, with a rise in the superannuation guarantee rate and the scrapping of eligibility thresholds. Let’s look at the five most important changes made to superannuation in […]
Annual Salary Agreements: Why a whole-of-business approach is critical to ensuring compliance
If you’re a HR or payroll professional, you’re likely all too aware of the Fair Work Commission’s (FWC) comprehensive annual salary obligations which took effect from March 2021. Given the high-profile cases of underpayments impacting both large and small organisations, you know the imperative to ensure compliance with these obligations, and the risks of failing to do so. But are your organisation’s leaders aware? One of the […]
How to build valuable and sustainable relationships in the not-for-profit sector
During the pandemic, one sector that has suffered dramatically has been not-for-profit. Those organisations that relied on events or fundraising activities that simply do not work with social distancing have had to pivot and look at innovative ways to keep moving forward. This has been a global challenge for the sector. So, what should advisors […]