Business

Arabon Accountants Federal Budget 2021/22

Federal Budget 2021/22: What are the wins for SMEs?

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

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Barista making a coffee in a busy cafe

Fair Work Commission announces 5.2% national minimum wage increase

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

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Brisbane City Council’s Flood Relief Rate Rebate

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

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Arabon Accountants Director ID Number

What you need to know about the new Lifetime Director ID Number

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

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Arabon Accountants 2021 COVID grants

Updated: Queensland Government 2021 COVID-19 Business Support Grants for lockdown-impacted businesses

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

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