Accountants can help out at various stages during the growth of your business. They can handle much more than just your payroll and tax returns. So when should you consider hiring an accountant for your small business? Share Share Email Share Xero Xero Challenges for growing small businesses There are good reasons for hiring an accountant at different stages of your company’s growth. From a business plan to company formation,

Accountants can help out at various stages during the growth of your business. They can handle much more than just your payroll and tax returns. So when should you consider hiring an accountant for your small business? Share Share Email Share Xero Xero Challenges for growing small businesses There are good reasons for hiring an accountant at different stages of your company’s growth. From a business plan to company formation,

A Melbourne small business owner has been hit with $240,000 in penalties for underpaying a 19-year-old worker around $8,000 in wages and superannuation. In a ruling Federal Circuit Court judge Riley said was designed to send a message to employers, AstroTurf installation firm Rhino Grass has been ordered to pay the fine on top of backpay within 30 days. The teenage worker, who successfully argued for the hundreds of thousands of

In brief – Employers will need to update employment contracts and HR practices by 1 March 2020 to comply with new modern award changes Are your employees covered by a modern award? If so, your business may soon be affected by the Fair Work Commission’s recent decision to make changes to annualised salary clauses which directly show in their paycheck stub. In the most recent 4 yearly review of modern

Taxpayers who own marine vessels, thoroughbred horses, fine art, high value motor vehicles or aircraft should be aware of the ATO’s view of such assets. The ATO has announced that it will be requesting a further five years’ worth of policy information from more than 30 insurance companies about taxpayers who own what it dubs “lifestyle assets” such as those mentioned above. You can try here to find out and

An employee may have a statutory right to volunteer as part of the national response to the bushfire relief effort and there are several types of leave available. Background The nation and the world have watched as Australia grapples with one of the worst natural disasters the country has ever seen. As part of the national relief effort, employers and employees should be aware of entitlements available to those volunteering

The Government has reintroduced legislation to create a new system to register company directors using a unique identification number and to modernise Australia’s broader business registers. The introduction of Director Identification Numbers (DIN) primarily targets phoenix activities, where company controllers shutdown an existing entity and transfer its assets to a new company as a means to avoid debts and liabilities, at significant cost to its creditors, employees and the Australian

Lawfirm McCullough Robertson have released their latest edition of Emerging Issues for the Queensland Agribusiness sector. Emerging Issues highlights the legislative and policy developments over the past 12 months which will significantly impact the Queensland agribusiness industry. It also highlights the increasingly important area of AgTech which will continue to drive innovation and development in the sector over the coming decade. You can read or download a copy here.

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Jan 2020

Xero Checkup

Have you ever experienced something strange when using Xero, such as slowness or pages not loading, and wondered if it was at your end of theirs? Now you can check! Xero now provide a system checker that scans your computer, tests your internet connection, and reports any known issues with Xero’s servers: https://checkup.xero.com/ Take a moment to save the link to your favourites so that it’s easily accessible the next

Key Performance Indicators (KPIs) are important for any organisation and arguably more so for Not-for-Profit organisations. The main reason for this is that most Not-for-Profit organisations act on behalf of the public and rely on funds received from the public in the form of, for example, donations, subscriptions and membership fees, as well as grants from government organisations and distributions from philanthropic organisations. They are working with other people’s money. At shakespearecomms.com