02
Jul 2015
FAQ: $20k instant write-off
Following the Federal Governments recent budget announcement regarding the $20,000 immediate asset write-off, there has been a lot of interest in the details. In this post we address some of the more common queries.
Each year, the Fair Work Commission (FWC) reviews the minimum wages specified in modern awards, as well as the national minimum wage for employees who are not covered by an award or enterprise agreement. The Minimum Wage Panel recently ruled that from the first pay period after 1 July 2015: the national minimum wage for employees without an award/agreement will increase to $656.90 per week ($17.29 per hour); and employees covered by a
Each year, the Fair Work Commission (FWC) reviews the minimum wages specified in modern awards, as well as the national minimum wage for employees who are not covered by an award or enterprise agreement. The Minimum Wage Panel recently ruled that from the first pay period after 1 July 2015: the national minimum wage for employees without an award/agreement will increase to $656.90 per week ($17.29 per hour); and employees covered by a
01
Jul 2015
Work-related car expenditure options reduced
From 1 July 2015 taxpayers will only have two methods available to calculate and claim their work-related car expenses – the cents per kilometre and log book methods. Additionally, the sliding scale of deductions available under the cents per kilometre method based on vehicle engine size will be removed and replaced by a flat rate for all vehicles. The change is expected to result in budget savings over the forward
01
Jul 2015
Work-related car expenditure options reduced
From 1 July 2015 taxpayers will only have two methods available to calculate and claim their work-related car expenses – the cents per kilometre and log book methods. Additionally, the sliding scale of deductions available under the cents per kilometre method based on vehicle engine size will be removed and replaced by a flat rate for all vehicles. The change is expected to result in budget savings over the forward
The End of Financial Year is a great time to review various parts of your business. If payroll is something you think you could be doing better, this article is for you!
The End of Financial Year is a great time to review various parts of your business. If payroll is something you think you could be doing better, this article is for you!