Did you know? On 30 May 2019, the Fair Work Commission (FWC) has declared a 3.0% increase to minimum wage effective from the first full pay period on or after 1 July 2019. New National Minimum Wage The enactment of the 3.0% percent rise on the minimum wage rate will… read more →
From the 1st July 2019, employers who do not comply with their PAYG Withholding obligations will be denied of their tax deductions. What business owners needs to know: Among the prevalent law changes administered by the Australian Tax Office (ATO) is the streamlining of our payroll process via Single Touch… read more →
Source: http://businessloan.bmgwealth.com.au The arrival of Single Touch Payroll is being described as the biggest revolution in tax since the GST was introduced in July 2000. But wrapping your head around how it all works can seem challenging from the outside. We spoke to the experts from the Australian Taxation Office… read more →
According to Jason Falinski’s 13 February Newsletter: Today the Liberal Government announced that we will increase and extend the instant asset write-off from $20,000 to $25,000, effective immediately. Small businesses with an annual turnover of less than $10 million will have access to the new $25,000 incentive from now until 30… read more →
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