Superannuation: Employers get ready for changes
Employers need to be aware of two important superannuation changes from 1 July 2022.
Payment extension relating to JobKeeper objections
The JobKeeper rules have been amended to ensure the ATO can make payments to certain taxpayers after 31 March 2022.
ATO support for businesses in difficult times
The ATO has reminded taxpayers that it has a range of support available for small businesses experiencing difficult situations, such as natural disasters, mental health challenges or financial hardship.
All directors required to have a Director Identification Number
Newly enacted legislation requires all directors to apply for a new director identification number. This includes directors of corporate trustees or self-managed super funds (SMSFs) and of family trusts.
Getting your business back on track
Changing business conditions, interruptions and adapting to new ways of working has likely impacted your business. If you feel like you are finally coming up for air, it’s time to be positive and proactive and get your business back on track.
Contingency planning for your most valuable asset
While COVID has placed greater emphasis on business continuity and contingency planning, many business owners fail to consider a personal contingency plan for their most valuable asset. Your ability to earn an income is your most important asset, and for business owners, safeguarding your income is particularly important.
Government proposal to modernise business communications
The Government has committed to modernising certain laws so that they are ‘technology neutral’, to enable easier communication between businesses, individuals and regulators.
ATO “keeping JobKeeper payment fair”
The ATO is using its compliance resources to maintain the integrity of the JobKeeper measure.
Free succession guide for family businesses
The Australian Small Business and Family Enterprise Ombudsman, in conjunction with Family Business Australia, has released a new online guide to succession planning — the “Introductory Guide to Family Business Succession Planning” — which provides a step-by-step guide to passing the family business on to the next generation.
Strong foundations. Strong business.
You can’t build a strong business on weak foundations. Strengthening your business foundations can make a big difference to your business success, and of course, your personal prosperity… If you are looking to move your business forward, it’s important to take the time to get your business fundamentals right, and often it’s just a few…