Insights

On Tuesday, 25th October, Federal Treasurer Jim Chalmers handed down the 2022/23 Albanese Government - Federal Budget, providing a brief introduction into Labor's priorities to steady the peak of inflation and manage Australia's economic deficit.

In the wake of the recent Optus Hacking impacting millions of Australians, data security and protecting yourself and your business against cyber fraud has never been more top of mind.

In the latest episode of the Building Your Business podcast, Chris Lewis hosts Darrin Drew - Director, Business360 - Performance & Productivity and Smiljan Jankovic as they discuss the current trends in Human Resources and Workplace Health & Safety Management, with specific focus given to the 360-degree view surrounding staff management and HR compliance.

With the continuing rollout of Single Touch Payroll – Phase Two well underway since the beginning of the year, we’ve now entered “stage 2” of the process, with employers required to identify and update certain pay items with new earnings categories as defined by the Australian Tax Office.

Managing a Super Fund as a trustee can have significant complexities, especially where keeping abreast of changes in legislation and audit focus areas.

Under introduced changes by the Australian Business Registry Service (ABRS), Company Directors (of all types of companies) are now required to register with ASIC and gain a unique 'Director Identification Number' (Director ID) identifier.

In our September episode of the Building Your Business podcast, Chris Lewis hosts Matthew Joiner - Partner, Cor Cordis and Ian Walker (Executive Chairman) as they discuss the Australian Tax Offices' (ATO) recent focus on director obligations and debt recovery activity, the Director Penalty Scheme, and the increased issue of Director Penalty Notices.

As part of my Chairman’s Address this month, I wanted to take this opportunity to share my thoughts on the Professional Services industry and the current business factors impacting those within the sector and of a similar nature.

In our latest Building Your Business podcast episode, Chris Lewis hosts Wayne Clark - Director, Maxwell Stone Consulting and Smiljan Jankovic (AGR Managing Director) as they discuss how businesses can build their talent attraction strategy and the connection between your brand and employee recruitment.

For those operating a Self-Managed Super Fund, the Australian Tax Office has released new rulings relating to an increased focus on tax treatments surrounding ‘Non-Arm’s Length Income’ (NALI) and ‘Non-Arm’s Length Expense’ (NALE) transactions.