30% tax on super earnings on balances above $3 million
Treasury has released draft legislation for consultation to enact the Government’s plan to increase the tax rate on earnings on...
Up to 10 years in prison for deliberate ‘wage theft’
Legislation currently being debated in Parliament will introduce a new criminal offence for intentional “wage theft”. If enacted, in...
Workers owed $3.6bn in super guarantee
Workers are owed over $3.6 billion in superannuation guarantee according to the latest Australian Taxation Office estimates – a figure...
Fixed-term employment contracts limited to 2 years
From 6 December 2023, employers can no longer employ an employee on a fixed-term contract that: · is for 2 or more years (including...
ATO - Investment in Combating the Cash Economy
The ATO uses a range of tools to identify and take action against people and businesses that may not be correctly meeting their...
Why your tax return outcome may change in 2023
The outcome of your 2023 tax return may be different than in previous income years. You may have a lower refund or you may receive a tax...
EOFY 2023 update for Small Business
With the end of the financial year fast approaching, we want to keep you informed of some potential changes in the upcoming year. In...
EOFY 2023 update for Sole Traders
With the end of the financial year fast approaching, we want to keep you informed of some potential changes in the upcoming year. What we...