Super Choice
December 1, 2020

Get ready to provide employees super choice Recent amendments to the law will give more Australians the opportunity to choose their own superannuation fund – preventing them from being locked into a specific super fund under the terms of an enterprise bargaining agreement. New workplace determinations and enterprise agreements made [...]

Superannuation Amnesty ends 7th September 2020
August 19, 2020

The superannuation guarantee (SG) amnesty is your chance to catch up on unpaid super without incurring penalties or paying administration fees. This is your last chance to apply for the amnesty as it ends on 7 September 2020. Once you’ve applied, the ATO will advise you within 14 days which quarters [...]

FTC – Fuel Tax Credits – no change to rates August 3rd
August 19, 2020

There was no increase to fuel tax credit rates on 3 August. You can continue to use the current rates to calculate your claim on your business activity statement (BAS).  When working out your fuel tax credits: Check how your fuel is used. Check you’re using the right rate. Use the [...]

JobKeeper payment scheme changes
August 19, 2020

The Government has extended the JobKeeper Payment scheme. Changes from the 14th of August 2020 mean: More employees can qualify The eligibility criteria for your employees depends on the JobKeeper fortnight. From 3 August 2020, you may be able to nominate new employees as eligible employees for the JobKeeper scheme. These new [...]

Fishbowl – The supply chain in business
August 17, 2020

Every business has a supply chain which is a network between a business and its suppliers to produce and distribute a specific product or service. The entities in the supply chain include producers, vendors, warehouses, transportation companies, distribution centers, and retailers. Keeping the supply chain working smoothly can be a complex task in [...]

Fishbowl
Fishbowl takes the blues away from end of year stocktake.
August 17, 2020

By August, the end of financial year is still very clear in our minds. It’s an extremely stressful time for business owners with so many more financial and compliance tasks to be completed. Chasing debtors and creditors, data entry, bank and loan account reconciliations, payroll finalisation, taxation strategy and planning [...]