Stay Informed & Focused! Focus Accounting And Financial Group News

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

Payroll Updates for Employers: November 2018

Below are three key payroll updates for employers to be aware of and action where relevant: 1- Long Service Leave Act 2018 (Vic), 2 - Casual Conversion Clause in Modern Awards, 3 - Instant Payments. read more

Company Tax and Franking Rate Changes Finalised for 2017-2018 Financial Year

This legislation brings in changes to company tax rates and by consequence, changes to the franking rate for dividends. These changes have been backdated to apply from 1 July 2017. read more

Payroll Updates for Employers: September 2018

Below are four key payroll updates for employers to be aware of and action where relevant: read more

7 Key Points on the new Family and Domestic Violence Leave Entitlements in Modern Awards

The Fair Work Commission has added a new clause to all Industry and Occupation Awards to bring in an entitlement to unpaid family and domestic violence leave. What this means is that employees experiencing family or domestic violence will be able to take 5 days unpaid leave each year, for the purpose of dealing with the impact of such violence. read more

We’re moving!

Our team is very excited to advise that we will be moving closer to the Ballarat city centre next week. The new location is more central for clients and provides more room for staff, with the same benefits of accessible free parking for visitors. read more