Do you plan to hire new employees?

2025-11-19T16:58:24+10:007th December 2021|Industry Updates|

The 1 November superannuation rule changes could affect your business.

When your business hires a new employee, the Choice of Fund form is used to identify where they want their superannuation to be directed. If the employee does not identify a fund, generally the employer directs their superannuation into a default fund.

From 1

Could your potential insurance payout be taxed?

2025-11-19T16:58:24+10:007th December 2021|Industry Updates|

Australia has had its fair share of disasters over the last few years – drought, bushfires and floods – that have ramped up the volume of insurance claims. Most people would assume that if and when they need to claim on their insurance, the insurance payout covers the damage and is not

What are the tax implications of investing in blockchain and NFTs?

2025-11-19T16:58:24+10:007th December 2021|Industry Updates|

In early November, the Commonwealth Bank announced that it is now Australia’s first bank to offer customers the ability to buy, sell and hold crypto assets, directly through the CommBank app. You know when the banks come on board, cryptocurrency has become normal.

But cryptocurrency is only one part of the blockchain universe.

Mental health support for business owners

2025-11-19T16:58:24+10:001st October 2021|Industry Updates|

Running a business can be an isolating experience. And, with COVID-19 lockdowns and disruptions to trade, the pressure can be intense.

NewAccess for Small Business Owners is a free and confidential mental health program developed by Beyond Blue to give small business owners the support they need. Whether you’re just feeling stressed, or

New laws will target ride sharing and accommodation platforms

2025-11-19T16:58:25+10:001st October 2021|Industry Updates|

In an attempt to reign in undeclared income, proposed new laws will require platform providers in the sharing economy to report all transactions through their platforms.

Traditional employment models have shifted in favour of more flexible options including contracting, self-employment and use of labour hire. Consumers are increasingly paying to ‘use’ rather than

What are Lifetime Directors IDs and do you need one?

2025-11-19T16:58:25+10:0030th June 2021|Industry Updates|

Updated 28/10/2021

From 1 November 2021, directors will be required to register for a unique identification number that they will keep for life, much like a tax file number under a rewrite of Australia’s business registers.
As director, you must apply for your director ID yourself as you will need to verify your

What tax changes are taking effect on 1 July?

2025-11-19T16:58:25+10:0030th June 2021|Industry Updates|

With the 2021 financial year coming to a close we’ve summarised the key 1 July 2021 changes and their implications for the next financial year.

Super guarantee rate increase to 10%

On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% – the first rise