We’ve summarised the key 1 July 2021 changes and their implications.
More than $29 billion in temporary business and personal income tax cuts, a $33 billion boost for care services and $4 billion more for training programs, are at the core of the government’s budget which aims to create 250,000 jobs by the end of 2022 and drive the unemployment rate below 5%.
Tom Betts, PPSR Asset Protection You think your business, its assets and loan accounts are as safe as they can be? Think again. More than 85 percent of small businesses have not used the federal government’s PPSR (Personal Property Security Register) since it was introduced in 2012 and many businesses have never even heard ofRead More »
Paulette McCormack Fresh HR Insights If you can prove that a redundancy is genuine, you will have access to the genuine redundancy exemption. Definition: Genuine Redundancy Exemption The genuine redundancy exemption is when employers are exempt from unfair dismissal laws because the dismissal was a genuine redundancy. Under the FW Act, a genuine redundancy willRead More »
With the close of the 2015/16 Financial Year and the Coalition forming government for another term, we thought it an ideal time to take a look at what the recent budget means for small business and individuals. Key changes for individuals The second-highest marginal tax bracket threshold has been increased from $80,001 to $87,001 toRead More »
Many business owners have the idea that organisational charts and structures are for big businesses. After all, small businesses know who’s in the organisation – where’s the need for a formal structure? But setting up an organisational chart doesn’t just designate who works there; it also gives everyone a basic understanding of each person’s role,Read More »