Epoch News
The 1 July 2021 superannuation changes
Changes from 1 July 2021 will impact how much money you can contribute to superannuation and how much you can have in your retirement phase superannuation account.
JobMaker fails to boost employment
Is the Government’s JobMaker scheme too complex? Since registrations opened on 1 February, JobMaker has created just 609 new jobs, despite around 15,000 businesses registering their interest.
The Pandemic Productivity Gap
We all know working longer hours doesn’t necessarily make us more productive.
Here’s a look at the latest research which suggests the pandemic has widened the productivity gap between the top performing companies and others.
COVID-19 Vaccinations and the workplace
The first COVID-19 vaccination in Australia rolled out on 21 February 2021 preceded by a wave of protests. With the rollout, comes a thorny question for employers about individual rights, workplace health and safety, and vaccination enforcement. The rollout, managed...
FBT 2021: Tax & employee benefits
Fringe benefits tax (FBT) is one of Australia’s most disliked taxes because it’s cumbersome and generates a lot of paperwork. The COVID-19 lockdowns have added another layer of complexity as many work patterns and behaviours changed. A fringe benefit is a ‘payment’ to...
Why are some businesses returning JobKeeper to the ATO?
Super Retail Group - owner of the Supercheap Auto, Rebel, BCF and Macpac brands - handed back $1.7 million in JobKeeper payments in January after releasing a trading update showing sales growth of 23% to December 2020. Toyota announced that it will return $18 million...
Sole Trader Granted Access To JobKeeper With Backdated ABN
A sole trader who was able to backdate his ABN has won access to JobKeeper payments in a recent case before the Administrative Appeals Tribunal (AAT). To be eligible to access JobKeeper as a business participant (for example, as a sole trader), the rules require...
How to sell your business
I’m often asked the best way to sell a business. There are two key components at play in the sale of a business; structuring the transaction and positioning the business to the market. Both elements are important and can significantly impact your result. ...
The Final Stage Of JobKeeper And How To Access It
The impact of COVID-19 has been felt very differently from region to region. Fortunes vary wildly between business operators subject to ongoing lockdowns and trading impediments to those benefiting from the “new normal”. For those severely impacted by COVID-19,...
2021 Risks & opportunities
With the borders between the State and Territories all but open and 2021 in sight, there is a hunger for a return to ‘normal’. The recent Westpac-Melbourne Institute Index of Consumer Sentiment articulates this desire to ‘get on with things’; sentiment reached its...