Our Blog

September edition of the Practice Update relating to ATO news and updates. Make sure you’re informed of any news that might affect you.

Banks and finance brokers are focusing on outstanding BAS and tax debts when assessing finance applications. Learn why timely lodgements are crucial.

The Tax Practitioners Board (TPB) in Australia has introduced a mandatory proof of identity (POI) process for all registered tax practitioners. This initiative aims to protect personal information and align with government standards.

Do you employ casuals? If you do, it is critical that you are aware of some upcoming changes, commencing on 26 August 2024, which change how casual employment operates in Australia.

Terminating an underperforming employee requires caution. Employers must follow fair procedures to avoid legal issues such as unfair dismissal claims. Firing an employee hastily or without proper procedures, can lead to uncomfortable situations and a can expose the business to risk of a Fairwork claim or investigation.

August edition of the Practice Update relating to ATO news and updates. Make sure you’re informed of any news that might affect you.

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 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: 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...

July edition of the Practice Update relating to ATO news and updates. Make sure you’re informed of any news that might affect you.

June edition of the Practice Update relating to ATO news and updates. Make sure you’re informed of any news that might affect you.

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 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 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 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...