by admin | Dec 15, 2022 | Uncategorized
Employers are prohibited from entering into fixed-term employment contracts with employees for a period of longer than two years (in total across all contracts). The prohibition also prevents a fixed term contract being extended or renewed more than once for roles...
by admin | Dec 15, 2022 | Uncategorized
Tax & Christmas For GST registered businesses (not tax exempt) that are not using the 50-50 split method for meal entertainment. Exempt from FBT? Tax deductible GST credits Christmas party on employer premises on a weekday Employees Yes No No Associates of...
by admin | Nov 30, 2022 | Uncategorized
All directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation (ATSI) will need a director ID. This includes directors of a corporate trustee of a self-managed super fund (SMSF). A director ID is...
by admin | Nov 30, 2022 | Uncategorized
In the wake of the Optus data leak, legislation before Parliament will lift the maximum fine for serious or repeated breaches of the Privacy Act from $2.2m to up to $50m. But there are no guarantees that even the strongest safety measures will prevent an attack. So,...
by admin | Nov 30, 2022 | Uncategorized
Sports people, media personalities, celebrities and ‘insta’ influencers beware. The ATO has taken a U-turn on how fame and image should be taxed. If you’re famous and make an income from your fame and image, the way the ATO believes you should be taxed on the income...
