Minimum wage increases

An increase to the minimum wage of 1.75% will start rolling out for the first full pay period from 1 July 2020.

JPR BUSINESS GROUP1 July 2020employment law, minimum wage, taxation, fairwork commission

Despite the current economic environment, the company tax rate will reduce to 26% for small and medium businesses from 1 July 2020.

Financial Accounting, TaxationJPR BUSINESS GROUP1 June 2020company tax, business, ATO, small business, medium business

What is happening with casual workers and annual leave?

News headlines recently stated that casual workers have won the right to paid leave following a decision in the Federal Court. As usual, the devil is in the detail.

At present, there is no global change granting Australian casual workers paid leave. The case however, highlights the long running problem of determining over time, who is a permanent staff member and entitled to paid leave and other benefits, and who is a casual worker entitled to a casual loading.

Business Development, Financial Accounting, TaxationJPR BUSINESS GROUP1 June 2020business, small business, employment law, employment, fairwork commission

The ATO’s JobKeeper audit targets

The JobKeeper subsidy has progressed beyond the rush for eligibility and entered its second phase: compliance. Late last month, the Australian Taxation Office (ATO) released guidance highlighting where the regulator will focus its compliance resources.

Financial Accounting, TaxationJPR BUSINESS GROUP1 June 2020jobkeeper payment, JobKeeper, Taxation, business, small business

What's changing on 1 July

As we approach the end of the financial year, we thought we'd update you on what's changing from 1 July 2020

Financial Accounting, Superannuation, TaxationJPR BUSINESS GROUP1 June 2020end of financial year, new financial year, ATO, instant tax write-off, superannuation

Covid-19 Business Support and Financial Assistance Finder

The Victorian Government has released the Covid-19 (Coronavirus) Business Support and Financial Assistance Finder online.

Financial Accounting, Taxation, InvestmentJPR BUSINESS GROUP30 April 2020coronavirus, covid-19, business, business assistance, financial advice, government assistance

Working from home and the new government 'shortcut' method

Last week the government announced special arrangements this year with regard to completing your individual tax return and taking account of the current working from home measures. This will make it easier for people to claim working from home deductions.

TaxationJPR BUSINESS GROUP15 April 2020working from home, home office expenses, home office claims, coronavirus, covid-19, Taxation, tax deductions

The Covid-19 Stimulus and Support Measures

We’ve designed this guide as a quick reference to the COVID-19 related tax and financial support that might be available to you.

The stimulus and support packages help, but there are gaps and they will not return most adversely impacted businesses or people back to their pre-pandemic position. It will all take time.

Taxation, Financial AccountingJPR BUSINESS GROUP15 April 2020business, covid-19, coro, stimulus package, ATO, Taxation, jobkeeper payment, JobKeeper

Government announces Jobkeeper Payment to support business

On Monday 30th March the Federal Government announced that it will invest $130 billion dollars into trying to support Australian workers with the new Jobkeeper Payment.

Community, Financial Accounting, New BusinessJPR BUSINESS GROUP31 March 2020jobkeeper payment, coronavirus, ATO, business, small business, tax, wages, covid-19

FBT hot spots

With the start of the Fringe Benefits Tax year looming on 1 April, businesses are being urged to review their Fringe Benefits Tax (FBT) position.

Taxation, Financial AccountingJPR BUSINESS GROUP11 March 2020fbt, Fringe benefit tax, Taxation, business