Finance News
Find helpful finance articles and tips
UPDATE ON ELECTRONIC SERVICE ADDRESSES
16 May 2022

Some may recall the introduction of Superstream and the electronic reporting of superannuation payments. This involved all self-managed super funds needing to apply for an electronic service address (ESA) from a registered provider. At that stage, many providers offered this service free of charge. However recently all these free providers have been switched off and as such the ESA details are no longer valid.

Read full article
WARNINGS ON DIRECTOR PENALTY NOTICES
11 May 2022

A common business structure is to operate through a privately owned company. The rationale behind this is to provide legal protection as the corporate structure protects the private assets of the individuals operating the business. However, there have been several significant legislative changes made and the ATO has started to ramp up its collection efforts as many companies have built up significant tax debts during COVID impacted periods.

Read full article
Want advice from an expert?
Claim your Free Assessment
ATO DEBT COLLECTION TO RAMP UP
01 Apr 2022

We have been receiving a lot more phone calls and letters from ATO this year and clearly, the focus of these has been to inform individuals and clients of their existing tax debts and to try and enter into a dialogue with them. This communication generally had not given any deadlines or issued any threats of escalation.

Read full article
2022 BUDGET SUMMARY
30 Mar 2022

With the Federal Government preparing for the upcoming election this year, the Federal Budget was pushed forward from its usual May date. As expected, the Budget offered some short-term handouts and relief but outside of these there was little change for small business, superannuation or individuals on the tax front. Here is a summary of the relevant change.

Read full article
SICK LEAVE FOR CASUAL EMPLOYEES
17 Mar 2022

The Victorian Government has announced a new trial scheme for casual employees in eligible industries. Casual employees are those who are employed with no firm commitment from the employer to future ongoing work. Their hours are spasmodic and change and casual employees have the right to refuse shifts. On the flipside, these employees do not have any entitlements to paid leave.

Read full article
NEW VOUCHER SCHEME ANNOUNCED BY GOVERNMENT
25 Feb 2022

With the restrictions now gradually easing, the Victorian Government has announced some further schemes designed to assist small businesses and encourage the public to start spending in hospitality and travel.

Read full article
1 2 3 28 last