With all the new technologies nowadays it is becoming more challenging for us keep on top of the technological advances, let alone new ways internet criminals (or often called scammers) can steal our money. In this article we will dig into a few common ways scammers can attempt to take our hard-earned dollars through emails, and also provide suggestions of what you can do (as an individual, or as a business owner) to reduce your exposure to scammers.
The following examines some common misunderstood rules around the employee vs contractor situation.
You may have an ABN but that does not make you a contractor.
Fact: The ATO has various checks to ensure business owners are treating their staff/contractors correctly.
To put it simply, the ATO will look at the work arrangement and the way the payments were calculated etc to determine whether one is an employee or not.
It has come to our attention that there are phishing emails going around, posing as Xero and asking for payment.
Please be very careful with these emails and do NOT click on any links if you suspect they are not genuine.
Xero has identified some phishing emails and has set up a page to notify users of potential scam emails going around. For more details, or to report a potential scam email, visit their Security noticeboard.
As an Employer, you are responsible to make sure the tax you withhold from employees’ wages is at the correct level. For those employers hiring backpackers who are in Australia on a 417 or 462 working holiday visa, you’ll need to follow the tax rate changes that commenced on 1 January 2017.
From 1 July 2017 the following car threshold amounts apply for luxury cars:
