Telstra Small Business Award KidSense Lucent Advisory

Congratulations to Kid Sense

Anita van Wyk Blog, Events

A massive congratulations to Joanna, Conor and the Kid Sense Child Development team for taking out the Telstra Small Business of the Year 2017 Award last night.  It was a honour to be there to celebrate this moment with you.  We all know the sacrifice it takes to build a successful business and what drives us is our overwhelming passion …

Job Accelerator Grant Scheme extension

State Budget Update: Job Accelerator Grant Scheme extension

Justine Pepper Blog, Payroll, State Budget

Thinking of hiring that new apprentice or trainee? How does a $15,000 government rebate sound? The Job Accelerator Grant has been extended to June 2018. A grant increase of an additional $5,000 for each new apprentice and trainee hired was announced in yesterday’s State Budget. This is in addition to the previous $10,000 grant, increasing the total benefit to $15,000! …

Permanent Payroll Tax rate

State Budget Update: Permanent Payroll Tax rate reduction

Justine Pepper Blog, Payroll, State Budget

A small win for South Aussie small businesses! A permanent reduction in South Australia’s payroll tax rate for smaller employers has been released in the State Budget . What does this mean for you? A savings of between $2,082 and $9,800 a year if your payroll is between $600,000 and $1.5 million.  Up until 2013-14, businesses with payroll < $1.5 million …

Our Guide To Payroll Year End 2017/18

Justine Pepper Blog, Payroll

End of Payroll Year Compliance Deadlines. With end of year approaching, as an employer there are a number of compliance deadlines that you need to meet.  These include: Issuing annual payment summaries to your staff due no later than 14 July 2017 Issuing annual payment summaries to the ATO due no later than 14 August 2017 Annual Return to Work …

Award Rates Increase – Penalty Rates Decrease

Justine Pepper Blog, Payroll

Get set for a 3.3% increase to minimum wages – 2017 Annual Wage Review. The Fair Work Commission (FWC) has announced a 3.3% increase to minimum wages. The increase applies from the first full pay period starting on or after 1 July 2017. The new national minimum wage will be $694.90 per week or $18.29 per hour.   What do …

ATO listed these behaviours, characteristics and tax issues as the ‘red flags’ attracting their attention

admin Blog, Tax

To help you get things right, the ATO has listed these behaviours, characteristics and tax issues as the ‘red flags’ attracting their attention. tax or economic performance is not comparable to similar businesses low transparency of your tax affairs large, one-off or unusual transactions, including transfer or shifting of wealth a history of aggressive tax planning tax outcomes inconsistent with the …

Superannuation Reform Announcement: $500,000 super cap axed

admin Blog, Federal Budget

The Australian Government yesterday announced updates to the superannuation changes announced in the 2016-17 Budget. The updates have been made by the government following consultation with the public in light of much commentary and concern by the electorate surrounding the impact of the original announcements. The updates announced yesterday include: Scrapping of the $500,000 lifetime non-concessional cap Reducing the existing …

Time Poor Business Owners & the realities of Tax Time

admin Blog, Tax

The latest Xero survey has revealed that over one in five Australian Small Business owners will be lodging their tax returns late and that of the 503 surveyed, 40% are unsure of the business deductions they are able to claim… Not a good thing, but none-the-less no big surprise here. In our experience Small Business owners are amongst some of …