business

Arabon Accountants national minimum wage increase

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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Arabon Accountants Easter 2022 public holidays penalty rates

Easter 2022: understanding all the retail trading rules

With the annual Easter holiday period this weekend, it brings with it a range of public holidays and trading restrictions across Australia.  Each Australian state and territory have different laws that govern public holidays and trading over Easter, so it’s important be informed about the rules and regulations where you do business. This article details the

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Arabon Accountants apply for new director ID number

Applications for the new Director ID number open November 2021

Earlier this year, we wrote an article about what you need to know about the new Director ID Number.  A director identification number (director ID) is a unique identifier you need to apply for once and will keep forever. It will help prevent the use of false or fraudulent director identities. Let’s recap the new

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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 Business Accounting modern award changes

Modern award changes and annualised salary arrangements

Following a decision of the Full Bench, the Fair Work Commission has finalised arrangements for modern award changes including the insertion of new annualised salary clauses into several modern awards with effect from 1 March 2020. These changes introduce important new practices for HR and payroll aimed at reducing “wage theft” and non-compliance with awards.

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