Treasurer Josh Frydenberg has delivered a free spending budget designed to drive employment growth, while also allocating increased funding to social programs such as disability services, aged care and mental health, as well as women’s economic security. Included also is the extension of support to taxpayers through the retention of the low and middle-income tax […]
Federal Budget 2021/22: What are the wins for SMEs? Read More »
The national minimum wage will increase to $812.60 per week, or $21.38 per hour, after a decision by the Fair Work Commission exceeds the government’s suggested 5.1% increase. The Commission decided to increase modern award minimum wages by 4.6% subject to a minimum increase for adult award classifications of $40 per week (full-time). The increase
Fair Work Commission announces 5.2% national minimum wage increase Read More »
Brisbane residents affected by the February rain event are being offered further support via Brisbane City Council’s rates rebate. A $250 rebate is available to eligible residents and businesses on their next rates bill. Lord Mayor Adrian Schrinner also announced that every residential rates notice across Brisbane for the April quarter will be postponed by
Brisbane City Council’s Flood Relief Rate Rebate Read More »
Following a review of Australia’s business registers, Directors will be required to register for a new lifetime director ID number, much like a tax file number. The introduction of the new lifetime Director Identification Number (DIN) regime is part of the Government’s Modernisation of Business Registers (MBR) Program creating greater transparency and monitoring of the
What you need to know about the new Lifetime Director ID Number Read More »
The Queensland Government have announced a $260 million package to support Queensland businesses, particularly small and medium sized enterprises. Named the 2021 COVID Business Support Program, $5,000 grants will be available to Queensland businesses across the state, not just businesses in the 11 locked down areas. What grants will be available? The $5,000 grants will
If you’re like many small business owners, you’re probably astounded by how the world has changed in a very short time. While we can all hope that the pandemic is a once-in-our-lifetime scenario, the truth is there is a lot in life and business that is uncertain, and there are many important business lessons to
Three important business lessons to be learned from COVID-19 Read More »
The new financial year has arrived and so has several updates to the tax system and new policies impacting superannuation, healthcare, wages and tax rates. Here’s what you need to know post 1 July 2021. Superannuation payments to increase Working Australians will receive a 0.5% boost to their superannuation fund. Legislation requires superannuation contributions to
Tax changes and updates from 1 July 2021 Read More »
With nearly 700,000 active COVID-19 cases across Australia, the federal government has readjusted how people who are forced out of work to isolate can access hardship payments. Rapid antigen tests (RATs) can now be used as proof you’ve been infected with the virus and may be used to prove eligibility for the Pandemic Leave Disaster Payment.
How to access the Pandemic Leave Disaster Payment Read More »
The Fair Work Australia Minimum Wage Review 2021 has revealed a 2.5% increase to the national minimum wage starting 1 July 2021. The decision was based on a foundation that the country’s economic performance has ‘exceeded expectations’ and that recovery was well underway. The minimum wage will increase from $19.84 to $20.33 or $772.60 per week
Fair Work Australia Minimum Wage Review 2021 Read More »
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