Fairwork and COVID
Not sure of the best way to keep your employees safe and protect your business?
FairWork has update their website with more info on Australian workplace laws and COVID.
17/08/2021
Not sure of the best way to keep your employees safe and protect your business?
FairWork has update their website with more info on Australian workplace laws and COVID.
Running a small business can feel like a ride on a rollercoaster – lots of ups and downs, scary and fun.
At the moment it feels like we can’t get off and we are just hurtling along. It’s ok not to enjoy the ride. Reach out for help if you need it.
Suddenly there are a lot more of us running or working for a home business!
Although the Streamline team have been able to work from home for years – this is different.
Please sing out if there is anything we can do to help, or if you’d just like to chat.
So you want to stand down your employees during the lockdown – make sure you follow FairWork guidelines. They have updated their website today.
STP finalisation for staff is due by 31st July – make sure you reconcile your payroll accounts BEFORE you press the button.
If we manage the whole payroll shebang for you, we have reconciled your accounts and need your permission to finalise – make sure you review and sign.
If we are supporting you, but you are the STP submitter for your business, we have sent you instructions on how to finalise.
Who? What? When? Where? Why? Reach out if you need a hand to sort out your payroll!
Do several members of your family have the same taste in work clothes because you work together in a family business?
From 1st July 2021 the exemption for businesses to regularly report wages for closely held employees (owners/directors/shareholders & their family members) is being removed.
Single Touch Payroll (STP) reporting for closely held employees must be at least quarterly, declaring a wage as at 30th June each year will no longer be acceptable.
Following the Annual Wage Review 2021, the Fair Work Commission (FWC) has announced a 2.5% increase to the national minimum wage.
The increase applies to anyone who is paid minimum award wages or the national minimum wage.
The award increase will happen in 3 stages.
Most awards will increase from 1 July 2021.
It is Tea Day, do you fancy a cuppa and a chat? (it doesn’t have to be restricted to bookkeeping)
We’ll put the kettle on!
BYO cup and give us call or we’ll meet and share a pot and some cakes – we’re ready to listen.
Hopefully we can all resist the urge to eat more easter eggs than we can count!
Happy Easter – enjoy the break!
Best to refresh your memory on the allowable deductions and FBT rules, before the event, so you don’t end up with any surprise tax to pay!
It is possible to enjoy some tax benefits out of your generosity and avoid Fringe Benefits Tax (FBT).
The following is a general summary of the tax treatment of Christmas giving.
