News & Updates

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STP is here!

Legislation has now been passed in the senate - starts 1/7/19

Are you an Employer with 19 employees or less?
Single Touch Payroll (STP) is coming for small/micro businesses.

The great news is that accounting software providers are setting up discounted software packages for those employers who only have a few employees.

If you are an employer with only a few employees and need to get STP ready, this is great news!
If you are unsure if this will affect you, or need help setting up your software, get in touch today.

Check your Agent is Registered

Only registered agents can charge you a fee for preparing or lodging your return. If your agent is registered, you can be sure they have the qualifications, experience and insurance necessary to prepare and lodge your tax return.

The Tax Practitioners Board (TPB) strictly regulates the registration & activities of BAS Agents, including Standards of Conduct, qualifications, Professional Indemnity Insurance, experience and continued professional education.

Increase to the Small Business Asset Write Off

29/1/2019

The Prime Minister has announced an increase to the instant asset write-off to $25,000 for small business and an extension of its application to June 2020.

NES - The National Employment Standards

The National Employment Standards (NES) are 10 minimum employment entitlements that have to be provided to all employees.

The national minimum wage and the NES make up the minimum entitlements for employees in Australia.
An award, employment contract, enterprise agreement or other registered agreement can't provide for conditions that are less than the national minimum wage or the NES.

The 10 minimum entitlements of the NES are:
*Maximum weekly hours
*Requests for flexible working arrangements
*Parental leave and related entitlements
*Annual leave
*Personal/carer's leave, compassionate leave and unpaid family and
domestic violence leave
*Community service leave
*Long service leave
*Public holidays
*Notice of termination and redundancy pay
*Fair Work Information Statement