Business Accounting

Arabon Accountants tax changes 1 July 2021

Tax changes and updates from 1 July 2021

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 …

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Arabon Accountants STP updates June 2021

Changes to STP and concessions ending 30 June 2021

Currently, small employers (19 or less) are exempt from reporting ‘closely held payees’ through Single Touch Payroll (STP).  Micro employers (4 or less) have also had the option of quarterly STP reporting.  Changes to these STP concessions will end on 30 June 2021. Small employers have had some concessions when it comes to reporting their …

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Arabon Business Accounting Payroll Compliance

Top tips for best practice payroll compliance

Payroll is a workplace function that usually occurs in the background and simply just “happens.”  Any business who adopts these top tips for best practice payroll compliance, should find that payroll is invisible to the rest of the business. It does however remain one of the most preventable areas of risk for many businesses. With …

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Arabon Business Payroll Policies Procedures

The importance of employment contracts, workplace policies and procedures

An employment contract is an agreement between an employer and employee that sets out the terms and conditions of employment.  It is not necessary to specifically agree on a contract for one to exist. The fact that an employee starts work for an employer brings with it certain fundamental implied terms, such as the right …

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