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Small Business

Are you aware of your requirement as an employer to provide any new employee with a Fair Work Information Statement? Did you know that if you employ a part time person that many Modern Awards require you to enter into an agreement regarding the hours that will be worked. The NSW Industrial Relations have a recorded webinar called 'Employer Obligations when engaging a new employee' which will be available from the first week of April that will provide employers with details relating to best practice process as well as legal obligations when engaging new employees.

 

This link takes you directly to the recorded webinar page on the NSW IR website.

In the budget this year the Government announced they will allow small businesses with a turnover of less than $2 million to immediately deduct each asset that costs less than $20,000. The legislation will backdate eligibility to Budget night, Tuesday 12 May 2015, so that assets acquired on or after 7:30pm (AEST) on that night will be eligible for the concession. For more details click here.

 

The ATO are pushing for the biggest corporations to audit themselves.

To read the full article please click here.

Summary of some of the changes to the tax system proposed by the coalition government

Click here for more information

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