Superannuation Guarantee to increase from 1 July 2021

The superannuation guarantee (SG) is set to increase from 9.5% to 10% from 1 July 2021. SG is payable on an employee’s ordinary times earnings and has been 9.5% for a number of years. The SG rate is set to increase over a number of years when in 2025/26 it will be 12%. As an […] Read More

Employee Entitlements and Rights

Employment related issues are often very complex and therefore a specialised area when requiring consultation. As Accountants we are often asked questions in relation to these matters and although we often have a working knowledge of the rules, by no means are we experts in the area. So where can people access assistance with employment […] Read More

Save for a House Deposit

Start building your home deposit today. Buying a house is exciting and life changing. It all starts with saving for the deposit. Find out how much you’ll need to save and get tips to help you save faster. How much you need for a house deposit A great savings goal for a house deposit is: […] Read More

Basic Customer Service

Let me share an experience of recent times that has reinforced the importance of showing genuine interest and concern for your potential customers. Many businesses struggle and cannot differentiate themselves from the next business selling the same product. (Well, they could, but they cannot work out how to!) I was after a product that is […] Read More

Regional Travel Voucher Scheme

Did you know that any Victorian resident over the age of 18 can apply for the ‘Regional Travel Voucher Scheme’? This includes a $200 voucher (per household) providing you have spent at least $400 across the following categories: At least 2 nights paid accommodation Paid tours & experiences Entry fees to regional attractions As we […] Read More

How do I get JobMaker and how does the Federal Budget’s hiring credit scheme work? – Shane Bryan

From the Morrison Government which brought you JobKeeper and JobSeeker comes a new program with a name that won’t surprise you one little bit: JobMaker. No prizes for guessing what it’s all about either… Specifically, the Government wants to get the economy making jobs for young people who are currently out of work and on […] Read More

Changes to Casual Overtime Award Clauses – By Shane Bryan

On 30 October 2020, the Fair Work Commission (the Commission) announced updates to the casual and overtime clauses in 97 awards. The updated clauses start from the first full pay period on or after 20 November 2020. To find out if your award is affected and what you need to do, click the links below: […] Read More

Carry-forward Super Contributions (An important reminder!) by Matt Richardson

Earlier in the year I wrote an article about this topic.  I am finding this continues to be a fantastic opportunity (and is often overlooked) for those taxpayers who: Have a Total Superannuation Balance (TSB) under $500,000; Would like the ability to reduce their taxable income; Would also like to provide for their retirement by […] Read More

Personal tax cuts – What employers need to do now!

At the beginning of October the Australian Government handed down its 2020 Federal Budget. Part of the Government’s response to the COVID-19 pandemic is to cut personal tax rates retrospectively from 1 July 2020. The Government estimates this will provide tax relief of approximately $12.5 billion over the next 12 months.    To ensure these tax cuts are effective […] Read More

WHAT ARE THE SECRETS OF SUCCESSFUL INVESTORS? – Matt Richardson

I thought it would be a good time to put a reminder out about what are the common characteristics of successful investors. None of what I have listed below is rocket science and none of it will be new or a surprise to anyone who reads this.  The surprise however, is how often these points […] Read More