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Casual workers entitled to back-pay
Casuals who have “regular, certain, continuing, constant and predictable” employment may be considered Permanent Employees and be entitled to back-pay for leave according to a Federal Court ruling in May 2020. A mining company – who employed a casual worker who had completed regular shifts over three years – was ordered to pay unpaid annual leave,…
Read MoreAdviceCo team and clients make $36,000 donation to charity
Charitable organisations, friends and partners have had a relentless run of adverse events to contend with this financial year. Our team and our clients have enabled us to contribute $36,000 throughout FY20 to local and national charities. We couldn’t be more grateful! Our charitable partners this year have included: Gosford Hospital Camp Breakaway Rural Aid…
Read MoreClient in Focus: A2B Trailers Erina
At AdviceCo, we support many small and medium sized businesses to financially structure themselves for growth. We get our greatest job satisfaction from seeing business owners like Eamon and Kate Corless, husband-and-wife owners of A2B Trailers at Erina, strike the ultimate balance between business security and lifestyle happiness… A2B Trailers supplies products from box trailers…
Read MoreMarket Update
Sharemarkets continue to fall on the back of growing concerns about the spread of the coronavirus. At times of heightened market volatility, it’s easy to fear how your superannuation and other investments might be affected, but it’s important to understand the nature of market movements before making any sudden decisions. Falls are normal, even without…
Read MoreMarket and Business Update #5 – COVID-19 & NSW Stimulus Package
Business to receive further support: Further to the $17.6 billion Federal Stimulus Package announced last week, the NSW Government announced this morning a second stimulus package that will apply to health and business industries. The NSW Government will inject $2.3 billion into healthcare, business and cleaning. $1.6 billion will go towards business, with the intention…
Read MoreMarket and Business Update #4 – COVID-19 & Federal Stimulus Package
Yesterday, The Australian Federal Government announced a stimulus package for the economy. This has significant relevance to the small and medium business sector. There are six key measures valued at $17.6billion – 90% of which will be paid to business and individuals between 31 March and mid-April. These include: Wage subsidies for Apprentices and Trainees…
Read MoreInternational Women’s Day 2020
Shining a light on the wealth gap between men and women The theme of the 2020 International Women’s Day is: ‘An equal world is an enabled world’. We’ve reviewed the numbers and when it comes to women’s finance, ‘equality’ is far from the current status. Christine Hallowes is the Senior Financial Planner at AdviceCo. She…
Read MoreDirectors liable for more tax
Last month, the Government passed legislation to include GST in the Director Penalty Notice (DPN) scheme. This means that individual business directors can be held personally liable for unpaid GST from 1 April 2020. What is the DPN scheme? The DPN was launched by the Government to address underreporting by businesses on mandatory taxes and…
Read MoreA word from the NSW Business Chamber – Central Coast Natural Disaster Assistance
Following the severe storms and flooding over the weekend, a State of Natural Disaster has been declared for the Central Coast region. This means that assistance from NSW Government is available to businesses whose property and belongings have been affected. If your business has been affected, you may be eligible for funding assistance from the…
Read MoreWealth: Now is the time to revisit your investment strategy
An investment strategy – whether inside your SMSF, or more generally – is an essential part of securing a positive return. A strategy is a tangible document that outlines your goals and actions now and later. A considered and thoughtful strategy that is regularly reviewed is the best way to become better off. Goals –…
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