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Directors required to apply for their Identification Numbers
The Federal Government has this month launched its requirement of, and application process for, a Director Identification Number (DIN). Our team welcomes this development as an added layer of identity security for business directors in our digital world. Applications opened on 1 November and Directors must apply personally. Directors are increasingly vulnerable to identity fraud…
Read MoreWhat are the 2021 Australian Franchising Code amendments?
The Australian Federal Government has amended the Franchising Code in an effort to balance the power relations between franchisors and franchisees. The changes come from the 2019 Fairness in Franchising Report. As of 1 July 2021, Franchisors are required to disclose additional information regarding capital expenditure, marketing funds, rebates and earnings information, lease disclosure statements…
Read MoreJobs trends – Staff attraction and retention during ‘The Great Resignation’
Whether you employ staff or are an employee, jobs trends make interesting viewing during a pandemic. The headlines this month show us that trends are very much influenced by industry and health orders, and that we need to cut through the noise, like ‘The Great Resignation’ to discover how to attract and retain the best…
Read MoreRecipient and Runners Up of AdviceCo and CCF $20,000 Community Grant Announced
AdviceCo is thrilled to announce that the recipient of their inaugural $20,000 Community Grant is Central Coast Kids in Need. Runners Up of the program are Camp Breakaway and Iris Foundation/Because We Care Boutique, who will both receive a $5,000 contribution from AdviceCo and the Count Charitable Foundation. A further $2,500 was also donated to…
Read MoreWhat a Perrottet government means for business and personal wealth
New South Wales’ new State Premier, Dominic Perrottet, has communicated his agenda for a number of economic reforms that will impact businesses and individuals. Reopening roadmap – Perrottet has wasted no time putting his own stamp on the roadmap, bringing dates forward to ease restrictions. Businesses are open, they are however, responsible for enforcing double-vaccination…
Read MoreWinding down: JobSaver and COVID Disaster payment
As the vaccination rate continues to climb, and businesses are able to open, employ, serve and trade, the State and Federal governments have communicated their plan to withdraw the financial support provided over this June-October lockdown period. JobSaver has been tapered from 40% to 30% of weekly payroll, and now that the State has reached…
Read MoreNew process from Nov 1 for employers paying super
Employers will need to comply with the Federal government’s superannuation reforms that will come into effect on 1 November. When employing a new person, employers must supply the usual Super standard choice form where the new employee can nominate an existing fund for superannuation to be paid into. The Federal Government has introduced an additional…
Read MoreProtecting business from imminent supply issues
If lockdown wasn’t hard enough for businesses, the challenges are set to continue as supply lines have been severely disrupted by overloaded distribution and logistics operators, strikes, overseas stock shortages and skyrocketing oil prices. Smart business owners are having to make major adjustments so that consumers don’t turn the blame to them when their goods…
Read MoreProperty: peaks and troughs of 2021-2022
If you are in the market to buy or sell a house, you will have been watching property sales with interest and, in many cases, astonishment. Prices have hit extraordinary highs. The big question on everyone’s lips: will it slow? The short answer: probably not soon, but tighter rules around lending may be on the…
Read MoreFurther changes announced: Payroll Tax
A note from the State Government: Payroll tax customers have the option of deferring their payroll tax payments until 14 January 2022. This is an extension on the first deferral date of October 2021. All customers are still required to lodge the 2020/21 annual reconciliation by the due date which has been extended to 14…
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