Important Fair Work Changes Impacting Your Business
The Fair Work Commission changes for Annualised Wage Arrangements are effective 1 March 2020. Employers who currently pay annualised salaries to full-time employees covered by certain modern awards must comply with new notification, record-keeping and reconciliation requirements. …
The Director’s Penalty Notice regime will be extended to include GST liabilities
The Director’s Penalty Notice regime will be extended to include GST liabilities, with legislation now passed parliament. Also, the legislation extends the regime for LCT and WET, taxes which are paid as part of activity statement lodgements. …
Using Data to Drive Decision-making and Build Businesses
There’s a lot of talk about data and how it will change the way we do business. That’s probably true… but some managers are not benefiting from data in their decision-making. Others are spending money on pricey systems in the hope of utilizing data. Results appear to be mixed. As accountants, we have had access to mountains of data for many years. Mostly it has been organized so that compliance obligations are met. …
