Business: A time of opportunity

Over the past few months, we’ve looked closely at the behaviour of business owners through the Coronavirus pandemic and the approaches they’ve taken to maintain viability through this particularly disruptive time. In our last article, we discussed ‘flight to safety’ and here we explore how other businesses are embracing a ‘time of opportunity’ approach in…

Casual employment conversion provisions now in effect

Major changes to casual employment laws mean that there are now casual conversion provisions under the National Employment Standards (NES) which came into effect from 27 September 2021. In addition employers must also ensure each casual employee has been given the Casual Employment Information Statement as soon as is practicable. What is ‘casual conversion’? The NES now…

New ID requirement for directors

From November 2021, company directors will need to verify their identity as part of a new director identification number (director ID) requirement. A director ID is a unique identifier that a director will apply for once and keep forever. This applies to directors if their organisation is a company, registered foreign company, registered Australian body or…

10 MUST-DO’S FOR YOUR 2020-21 TAX PLANNING

In this article we highlight the 10 tax planning measures we feel are the most relevant for 2020-21.  Although these items apply to all businesses, those clients with businesses operating via a company structure, with a group turnover of less than $50 million, will have extra incentive to review their tax planning this year. The…

Changes to Insolvency Laws

Changes to insolvency laws from January 2021 include reforms that introduce a new, simplified debt restructuring process. These measures apply to incorporated businesses with liabilities of less than $1 million – full details in this Treasury factsheet, please click to learn more. To ask any questions and discuss this matter further, please call us on…