The Small Business Lounge | Bookkeeping and Marketing Specialists
Without a significant platform and regulatory overhaul, the proposed shift to paying super each and every time an employee is paid is destined to cost superfund members immense value. Instead of 4 transactions per year it becomes 52 for weekly payroll. More payments, more payment fees, software process fees, bank fees, superfund administration fees.
As of August 26, 2024, new rules will come into effect in Australia that change how independent contractors are classified and managed under the Fair Work Legislation Amendment (Closing Loopholes) Bills. These changes are significant for businesses that rely on contractors, as they redefine the criteria for distinguishing between contractors and employees. Here’s what small …
Technology has blurred the lines between professional and personal time in today’s fast-paced work environment. Employees often feel pressure to stay connected beyond their official working hours. In response, the Australian Government has taken significant steps with the Fair Work Legislation Amendment (Closing Loopholes No. 2) Act 2024, which introduces a legal workplace right known …
As of 26th August 2024, several key changes to casual employment laws have occurred due to the Fair Work Legislation Amendment (closing Loopholes) Act 2023 and the Fair Work Legislation Amendment (Closing Loopholes No.2) Act 2024. Changes to casual employment include: See Employment Innovations Factsheet: Changes to casual employment factsheet. If you need help with …
In the dynamic world of business, financial health is paramount. Amidst the juggling of day-to-day operations and strategic planning, it’s
Pay As You Go Instalments or PAYG Instalments are implemented by the Australian Taxation Office (ATO) to help businesses and…
Significant Changes Coming to Modern Awards Starting May 1st, 2023 Annual Shutdown Provisions Following previous reviews in February 2019 and