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New minimum wage rate from 1 July 2019

New minimum wage rate from 1 July 2019

15 June 2019 The Minimum Wage Panel on 30 May 2019 handed down its minimum wage decision for 2019. From the first pay period commencing on or after 1 July 2019, the National Minimum Wage will increase to $740.80 per week, or $19.49 per hour. What this may mean for...
Post Election 2019 Tax Planning

Post Election 2019 Tax Planning

28 May 2019 The federal election is over, and while the Coalition have promised company tax cuts and individual tax cuts, the majority of these are planned for a few years’ time. Here are 2 key areas that will affect you as a business owner in the short term. INSTANT...
The Fundamentals of Trusts

The Fundamentals of Trusts

27 May 2019 What are trusts? Trusts are agreements whereby a person or other entity agrees to hold an asset for the benefit of others. Put simply, the person or other entity that agrees to hold this asset is commonly called, the trustee, and those that benefit from...
FBT: The six things currently on the ATO radar

FBT: The six things currently on the ATO radar

9 May 2019 The ATO has indicated it will be looking closely at the following fringe benefits tax issues this year. According to the ATO website, the following FBT issues will be closely monitored this year: failing to report car fringe benefits, incorrectly applying...
$30k Instant Asset Write Off Scheme

$30k Instant Asset Write Off Scheme

1 May 2019 If you’re a small business, this is a great opportunity to consider acquiring assets to help your business flourish. What it means for small businesses The popular instant asset write off for small business has been extended and increased. The new...
ATO offers free course for employer superannuation obligations

ATO offers free course for employer superannuation obligations

17 April 2019 Employers can access a free online course to ensure they understand their employer superannuation guarantee obligations. The course is available on the ATO website and takes approximately 2 hours to complete. The employer superannuation course is...