Our Blog
Keep up with all the latest news, information, and ideas from the Plus 1 Group .
How Plus 1 Group Can Help Grow Your Wealth
How Plus 1 Group Can Help Grow Your WealthNavigating the complex world of finances can be overwhelming, especially for businesses and individuals in Shepparton and across Victoria. That's where Plus 1 Group comes in. As your local accountants in Shepparton, we are...
Latest Fuel Tax Credit Rates for Businesses: 01 July 2024 – 04 August 2024 Update
Unlock smarter investment strategies in 2024 with insights on franking credits, fee impacts, tax advantages, and retirement planning to enhance your financial returns. Explore how subtle shifts can significantly influence your investment’s growth.
Changes to Victoria Payroll Tax Thresholds and Super Guarantee Percentages
Changes to Victoria Payroll Tax Thresholds and Super Guarantee Percentages Please note the following changes to the Victoria Payroll Tax Thresholds: From 1 July 2024, the payroll tax free threshold will be lifted from $700,000 to $900,000 for annual returns, and from...
Finding Appropriate Aged Care for Your Loved Ones
Finding Appropriate Aged Care for Your Loved Ones Navigating the Challenges of Finding Appropriate Aged Care for Your Loved Ones Finding appropriate aged care for your loved ones is a journey fraught with emotional, financial, and logistical challenges. As the...
Understanding TPAR
Understanding TPAR Understanding TPAR: An Overview The Taxable Payments Annual Report (TPAR) is a key obligation for businesses in specific industries to report payments made to contractors for services. TPAR aims to improve tax compliance by requiring businesses to...
Energy Bill Relief Fund and AgCareerStart Program
Energy Bill Relief Fund and AgCareerStart Program Energy Bill Relief Fund (VIC) This program aims to provide electricity bill rebates to eligible Victorian households and small businesses to ease cost of living pressures. Eligible Victorian households can get $250 in...
Practice Update July 2024
July edition of the Practice Update relating to ATO news and updates. Make sure you’re informed of any news that might affect you.
Transport Sector Update 2024-2025
See the latest update for the transport industry including Reasonable Travel Allowance, Long Distance Drive Update and Road Transport Updates
Practice Update June 2024
June edition of the Practice Update relating to ATO news and updates. Make sure you’re informed of any news that might affect you.
The staff series: Employee resignation
Employee ResignationWhen an employee resigns, there are several steps you should follow to ensure a smooth transition and compliance with legal requirements. Here’s a general guide on what to do: Receive and Acknowledge the Resignation: Ask the employee to provide...
The key to unlocking your wealth potential
The key to unlocking your wealth potentialSuperannuation, often referred to simply as "super," is more than just a retirement savings account; it's a powerful vehicle for wealth creation that can significantly impact your financial future. Understanding how to...
National Minimum Wage Increase
National Minimum Wage IncreaseNational Minimum Wage increase From 1 July 2024, the National Minimum Wage will increase by 3.75%. The new National Minimum Wage will be $915.90 per week or $24.10 per hour. The new National Minimum Wage will apply from the first full pay...
Tax Crimes & Fines in Australia
Tax Crimes & Fines in AustraliaThe Australian taxation system is complex, and sometimes, even honest mistakes can lead to unexpected consequences. Here at Plus 1 Group, your trusted accountants in Shepparton, VIC, we understand that navigating tax obligations can...
TPARS are due 28th July, make sure you are ready
Learn how to prepare for the Taxable Payments Annual Report (TPAR) in Australia. Ensure compliance by identifying eligible payments, verifying contractor details, and lodging your report accurately and on time with the ATO.
Importance of an Emergency Fund in Personal Finance
Discover why an emergency fund is crucial for personal financial stability. Learn how much you should save and tips for building a fund to handle life’s unexpected events, ensuring peace of mind and financial security
The staff series: Employing staff
Comprehensive guide on employing staff in Australia, covering essential legal requirements and documentation, including TFN declaration, Fair Work Information Statement, employment contracts, superannuation, right to work checks, company policies, payroll setup, and workplace health and safety compliance
Upcoming Changes to Xero Plans and Pricing for Australian Users
Learn about the latest updates to Xero’s subscription plans and pricing for Australian customers, effective from 1 July 2024. Discover the streamlined new plan options and significant changes including the retirement of Planday and a new partnership with Deputy.
Key Updates to Victoria’s Vacancy Residential Land Tax: What Property Owners Need to Know
Explore the latest changes to Victoria’s Vacancy Residential Land Tax (VRLT), including new tax bases and exemption criteria. Understand how these updates affect residential land owners in Victoria and ensure your properties comply by July 1, 2024
Practice Update May 2024
May edition of the Practice Update relating to ATO news and updates. Make sure you’re informed of any news that might affect you.
Superannuation Choice Updates: What Employers Need to Know
Effective April 9, 2024, key changes to 147 employment awards impact superannuation choices. Employers must now offer super choice, and familiarize with stapled funds procedures. Learn how these updates affect you.
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27 Welsford Street
Shepparton, VIC 3630
T: (03) 5833 3000
F: (03) 5831 2988
E: info@plus1group.com.au
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