AdviceCo donates $6,000 Coastlink
At AdviceCo, our community program enables us to raise funds to support charitable foundations in their important work. We are delighted to have recently raised $6,000 in partnership with our team and the Count Charitable Foundation for Coastlink, an important charity helping vulnerable members of our community to link to services and equal opportunity lifestyle…
Read MoreSuperannuation Guarantee on Ordinary Time Earnings (OTE) – What’s in and what’s out?
Should you pay superannuation on Christmas bonuses? What about sick leave or termination payments? What counts as superannuation on ordinary time earnings (OTE) can cause employers to slip-up, and mistakes can be costly. This checklist will help you to stay between the lines … Payment Salary or wages Ordinary time earnings (OTE) Awards and agreements…
Read MoreFinancial Planning Week 5-11 October
From 5-11 October, Financial Planners like us will acknowledge Financial Planning Week. It’s a chance to remember that sensible and careful planning enables people to build, afford and protect the life they want to lead. To mark the occasion, we are offering a series of complimentary Financial Discovery meetings to the first 15 applicants. Getting…
Read MoreWebinar: JobKeeper 2.0 and other HR essentials for business owners
This webinar is now over – held on Wednesday, 23 September 2020. JobKeeper 1.0 has helped many businesses to maintain their pre-COVID team structures. Sustainability and resilience are now the key questions. When JobKeeper 2.0 starts in October, the changed eligibility criteria may make it difficult to preserve the status quo. It is for that…
Read MoreThe superannuation guarantee amnesty ends on 7 September
Employers have until 7 September to disclose previously unpaid superannuation to the ATO. 860,000 Australian businesses have been contacted by the ATO to remind them to fulfil their superannuation guarantee obligations. Here are some details from the ATO: Eligible disclosures will not incur the administration component ($20 per employee per quarter) or Part 7 penalty. In…
Read MoreJobKeeper – Changes and eligibility beyond September
First, we heard that JobKeeper would be extended beyond 27 September 2020 to 28 March 2021. This has been dubbed JobKeeper 2.0 and included some changes from the original format. Then we heard that the format was revised in response to the COVID-19 crisis in Victoria. Here is what you need to know from Treasury…
Read MoreFinancial and professional well-being at a time like this
How are you? No doubt you’ve been affected by COVID in some capacity. From a professional and financial perspective, there have been many pressures. We want to say that we get it. And we want to share these valuable resources that may help to maintain financial and professional wellbeing at a time like this. If…
Read MoreWebinar: Personal Financial Fitness Coaching – Valuable budgeting advice and money saving tips
This webinar is now over – held on Wednesday, 26 August 2020. Professional support is often the difference between failure and success. If you want to lose weight, a personal trainer will get you on your way; if you want to sell your house, an agent will guide you through; and if you want a…
Read MoreJobKeeper: Extension and Eligibility to March 2021
The government has today announced an extension to the JobKeeper Payment, as well as changed business eligibility terms. Extension period The scheme is being extended beyond the original date of 27 September 2020 to 28 March 2021. Changes to the payment For the October-December Quarter there will be a 2-tier entitlement: $1200 per fortnight for…
Read MoreUsing your company’s money or assets
If your business is fortunate to have some cash set aside that could be invested into your people or your business assets, there are a couple of things you should check before making any transactions. Any cash transfer to an individual from the company needs to be properly processed as salary, wages, director’s fees or…
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