The Prime Minister has just announced a $17.6 billion economic plan today, to assist small businesses and households through the uncertain times ahead due to the Coronavirus.
How will the stimulus package help you?
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Do you know that on average every person has to manage and remember up to 90 accounts and passwords?
From personal emails to work emails, from online shopping accounts to online account software, everyday we are logging in and out of various accounts.
How are you protecting your business from someone trying to steal your password or hacking into your accounts?
In the recent months the phase “wage theft” is popular term, as it was used in news articles about some national companies admitted to underpaying their staff. While news reporters are only reporting those “big” and well-known companies, any employer can potentially be committing some degree of wage theft. It is important that employers run their checks periodically to ensure they are doing the right thing.
What is wage theft
Wage theft is a term
1 January 2020 seems to be an important day to note for employers as there are 2 changes that employers need to be aware of, in relation to the way superannuation guarantee charges are calculated and payroll tax threshold changes.
Salary sacrificed super contributions and SGC obligations
Prior to 1 January 2020, if an employee decides to salary sacrifice their wages into their super fund accounts, the employer can choose to exclude those amounts in their superannuation guarantee contribution calculation.
For those businesses who are registered for fuel tax credits (FTC), do you know there are THREE different rate changes (so far) in the 2020 financial year?
The following tables will come in handy when you prepare your quarterly BAS.
Remember we are always available if you need a helping hand!
