Single Touch Payroll (STP) reporting now updated and for all employers
Now legislation has been passed so that businesses with up to 19 employees are legally required to complete STP reporting from 1 July 2019. The new legislation also extends the scope of STP reporting to include some salary sacrificed amounts. read more
Interim financial reports are only for big businesses. Right or wrong?
Financial reports are the gateway between what's just been happening in your business and what you should be doing right now, so the more current the report the better you can understand how to keep your business on course to your destination. read more
Director identification numbers to combat phoenixing
Existing company directors and persons about to be appointed as a director would need to apply for a unique director identification number (DIN). This number remains the same for life. The new numbers then are incorporated into relevant Government agencies and databases with the result that regulators can ... read more
PPSR anniversary coming up: Retain your security interests by renewing registrations
The seven year anniversary is important because this is when the first lot of PPSR registrations will start to expire. The default and cheapest option for a PPSR registration covers seven years or less. For some items the maximum timeframe you can register for is seven years. read more
December 2018 update to the National Employment Standards (NES)
The Fair Work Amendment (Family and Domestic Violence Leave) Bill 2018 provides an update to the National Employment Standards. This change is effective from 12 December 2018. So what are the National Employment Standards now? The National Employment Standards (NES) define the ten minimum employee entitlements in Australia. They cannot be excluded or reduced under any contract, award or agreement. read more
3 New Rules for Gift Cards to apply from 1 November 2019
So what are the 3 new rules for gift cards? All gift cards sold in Australia from 1 November 2019 must meet the following requirements: 1 - They must be valid for a minimum of 3 years from the date of purchase, 2 - The gift card itself must prominently display either the actual expiry date or the the date the card was purchased and a statement about the length of validity, if it doesn't expire it should state words to that effect instead, 3 - No 'post supply' fees can be charged for the use of the card. read more

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