Many business owners assume that if they hire independent contractors they will not be responsible for PAYG withholding, superannuation guarantee, payroll tax and workers compensation obligations. However, each set of rules operates a bit differently and in some cases genuine contractors can be treated as if they were employees. Also, correctly classifying the employment relationship …
Australia is navigating a pandemic. The Reserve bank keeps interest rates at a record low and ends stimulus as the Australian economy recovers. Inflation surges as housing and fuel lift the consumer price index. Naturally, you may be asking yourself, ‘Should I be investing in the property market?’ Everyone has different reasons for getting into …
6 Questions to ask yourself before buying an investment property Read More »
According to Sky News political editor Andrew Clenell, the New South Wales government has announced a new JobSaver-type scheme for businesses affected by the Omicron outbreak. Mr. Clennell said he sought federal support to help the state government boost the package “My understanding is Prime Minister Scott Morrison personally vetoed any federal involvement,” Clennell said. …
JobSaver 2.0: A billion-dollar support package for Omicron-affected Businesses Read More »
If you are a company director, you will need to verify your identity as part of a new director identification number (director ID) requirement. This will serve as a unique identifier that you will apply for once and keep forever – which will help you prevent the use of false or fraudulent director identities. All …