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Fairwork advice for spontaneous public holiday to honour Queen

Thursday September 22 will be a “one-off” public holiday to commemorate the life of the late Queen Elizabeth II. The public holiday was announced by Prime Minister Anthony Albanese and confirmed for NSW by the Minister for Employee Relations Damien Tudehope under section 5 of the Public Holidays Act 2010. Businesses have had to scramble to accommodate…

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Jobs Summit: highlights that tackle staff/skills shortages

The recent Federal Jobs and Skills Summit was a positive step in addressing the labour and skills shortages experienced by almost every industry, but questions remain about whether the actions being taken by the government are enough. Additional migration places, TAFE courses and childcare policies were announced, but business owners want to see more to…

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Top pressures on business cash flow and how to get ahead of it

The top (although not only) pressures on cash flow for small businesses are overdue invoices, inventory bloating, professional development to address the skills shortage and business technology. Various institutions, including Xero, the Australian Tax Office and Treasury have made announcements that relate to these themes with the intention of relieving cash flow pressure. Read on…

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Income tax cuts are coming

tax cuts

Labor is sticking to its Stage 3 income tax cut plans. Here’s what it means for your income… The plan, which passed into law in 2019 with Labor’s support, will remove the bracket taxing 37 cents of each dollar of earnings between $120,001 and $180,000. The $180,000 top bracket limit will expand to $200,000. It…

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