5 Steps to Getting the Most Out of Your Financial Data
Are you getting the most from your accounting systems and personnel? Do you trust the data to be accurate and available when you need it so that you can make important business decisions? If not, then follow these 5 steps, so you can run your business smoother and more cost effective than ever before.
Invoice email scams and how to avoid them
Invoice scams are today becoming all too common. While these scams have been around for over a decade, nowadays they are looking more and more like the real emails they are attempting to replicate. They are well written and cleverly executed to convince the reader to believe and interact with the email. It has become extremely difficult to differentiate from what is a real and what is not
Annual Review Brings a Minimum Wage Increase of 3.5%
The Fair Work Commission (FWC) has announced a 3.5% minimum wage increase as part of its 2017/18 annual wage review. This decision applies to the National Minimum Wage and all Modern Award minimum rates of pay. The revised National Minimum Wage will increase to $719.20 per week (which is a $24.30 increase) or $18.93 per hour. Several factors influenced the
Our Guide To Payroll Year End 2018/19
There are a number of costly mistakes that employers often make during payroll year-end, overpaying Return to Work SA and Payroll Tax by including wage items that are exempt, overstating an employee’s earnings by not taking into account salary sacrifice arrangements, incorrect reporting of allowances and incorrect reporting of Reportable Employer Super Contributions (RESC). Therefore, it is imperative to
Federal Budget 2018/19: What It Means for Small Business Owners
By now you have probably read many of the outcomes of the 2018-19 Federal Budget. However, you may still be wondering how exactly these outcomes are going to affect you as a small business owner? Below, we summarise some of the relevant key announcements and provide our own ‘lucent insight’ into what it all means for your business. Personal Income
Everything You Need To Know About Single Touch Payroll Reporting
You may already be familiar with the term ‘Single Touch Payroll Reporting’, as the government initiative is expected to be somewhat of a game-changer in the industry. Well if you’re not across it already, the deadline for compliance is fast approaching and it’s time for preparations to get underway. Clients of lucent advisory will not need to take any action
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