Stay Informed & Focused! Focus Accounting And Financial Group News

Amendments passed on Long Service Leave legislation in Victoria with imminent effect

The following changes to how Long Service Leave (LSL) is accrued and when and how it can be taken are about to take effect for Victorian employees: read more

Top 7 Questions on the Super Guarantee Amnesty

The Minister for Revenue and Financial Services announced a 12 month Superannuation Guarantee Amnesty on 24 May 2018. This Amnesty is intended to rectify historic Superannuation Guarantee (SG) compliance through offering employers an opportunity to correct any payment shortfalls without the usual hefty penalties involved. Below we answer the top seven questions being asked about the Amnesty. read more

Single Touch Payroll: Changes Ahead

Australia's Single Touch Payroll (STP) legislation is about to start impacting business owners, payroll managers and employees across Australia. read more

Top 5 Fringe Benefits Tax Black Spots

It is not safe to assume that what isn't reported to the Australian Taxation Office (ATO) isn't known or can't be known by the ATO. Their intelligence has been significantly increased with more data matching being done and audits are regularly undertaken. For example - by looking at your odometer readings and matching them to the business work schedule they can ascertain whether a car has been used for private purposes. read more

Employer update on pending changes to Long Service Leave legislation in Victoria

If passed, this Bill will ... provide a number of changes to how Long Service Leave (LSL) is accrued and when and how it can be taken in Victoria. read more

What’s your payroll process? Are you paying ‘right’?

Are you meeting all the payroll obligations imposed on you the minute you employ someone? read more