Award Rate Increase 1st July 2021 – Pay Calculator
There was an Award Rate increase to most awards on the 1st of July 2021. The Fairwork Ombudsman has provided a calculator you can use to check that you are paying your employees the correct base rate and employee entitlements. .https://calculate.fairwork.gov.au/FindYourAward Minimum Wage Increase The minimum wage has also increased to $20.33 per hour or $772.60 gross per week. This increase applies to employees not covered by an award or registered agreement. The Fairwork Ombudsman has useful resources and tools available to ensure you are paying your employees correctly. How will the wage increase affect your business? If you aren’t …
Tax Debt information can now be reported to Credit Reporting Bureaus
Historically, if you owed money to the ATO this would not appear on any credit checks for finance. The Australian Government has given the ATO permission to disclose tax debt information to registered Credit Reporting Bureaus (CRB’s). Permission to disclose information to Credit Reporting Bureaus will only be given if the business meets the following criteria: The business has an ABN; and The business has a tax debt which is overdue by at least $10,000 at 90 days; The business is not making efforts to manage the tax debt (There is no payment plan in place). If your business meets …
