Posts

Attracting talent to your workplace

7 Ways to Distinguish your Business in a Competitive Hiring Environment

Businesses need people to serve customers and grow. This requires ‘recruitment’ which can take many forms like hiring full or part-time, subcontracting, and offshoring.

Whatever the approach, a recruitment strategy should help the business to stand out from other options candidates are considering. This is […]

Getting employees on board for the holiday rush?

Hiring additional employees to help with surging end-of-year demand?

The New employment form, accessed through ATO online services, will help reduce your administration.

It’s an easy way for your employees to provide you and us with the information the ATO needs. If your new employee has a myGov account linked to the ATO, once signed in they […]

Small business digital solutions

Looking for tailored advice for your small business?

The Digital Solutions program works with you to adopt digital tools to save you time and money and to help grow your business.

Key points Round 1 of the Digital Solutions program will end on 31 March 2023 Read more

SG changes apply now

Super guarantee changes have been in place since July — is your payroll system up to date?

To avoid additional costs, including the superannuation guarantee charge (SGC), employers must pay the correct amount of super for all eligible employees by the quarterly due date.

Whether you’re paying super weekly, monthly or quarterly, it’s important […]

Hiring and Working with Subcontractors

9 Best Practices in Hiring and Working with Subcontractors

The employment environment is always changing as workers consider their options and businesses look for flexible, cost-effective solutions.

Let’s look at some ADVANTAGES of working with independent contractors (or subcontractors).

Independent contractors help you quickly fill skills gaps in your team. This enables business growth without taking on employee […]

7 Ways to Navigate the Changing Employment Landscape

COVID-19 has had a big impact on employment, though the impact is not yet fully understood

No doubt there will be positive outcomes, like employees leaving unrewarding jobs to pursue new challenges. Likewise, some businesses will ‘rationalise’ their workforces to better serve shareholders, customers and employees.

One thing won’t change. Most businesses will still need people […]

Digital and Skills Tax Boost for Small Businesses

Support for small businesses going digital and upskilling their employees

The Government is delivering $1.6 billion in tax relief

As part of the plan for a strong economy and a stronger future, the Technology Investment Boost will increase digital uptake while the Skills and Training Boost will help small business attract, retain and upskill staff.

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FBT, COVID-19 tests and the otherwise deductible rule

Be aware of the rules and exemptions regarding COVID-19 testing

Whilst FBT obligations do exist, there are exemptions and deductions that can be granted when providing COVID-19 tests to employees

You may have to pay Fringe benefits tax (FBT) if you:

provide your employees or their family members with COVID-19 tests such as a rapid antigen test, […]

COVID-19 test expenses

From 1 July 2021, if you pay for a COVID-19 test for a work-related purpose, you can claim a deduction.

This only applies if you’re an employee, sole trader or contractor.

When you can claim COVID-19 testing

From 1 July 2021, to claim a deduction for the cost you incur to pay for a COVID-19 test, […]

2022/23 Federal Budget

1. Personal income tax changes

1.1 Increase to low and middle income tax offset (‘LMITO’)

The Government has announced a once-off $420 ‘cost of living tax offset’ for the 2022 income year, which will be provided in the form of an increase to the existing LMITO. This will increase the maximum LMITO benefit to $1,500 […]