Recent changes have been made to the Fair Work legislation, which business owners with employees should be familiar with.
We have provided a summary of these updates below. However, if you need to address any of these areas, we strongly recommend discussing
them with your HR advisors. It is essential to understand the necessary steps before implementing any changes.
It’s important you understand these updates and make the appropriate changes to your business if necessary. Remember to reach out to your HR team and/or advisors to ensure you are across them. Take the time to review the changes made by fair work here.
If you don’t know where to start with one or more of these changes, touch base with our team for assistance.
It might seem like a clever strategy - moving surplus business cash into your personal mortgage offset account to save on home loan interest, then shifting it back to the company around tax time. But there’s a catch: the ATO sees this, and they’re not fans.
Running a small business has always been personal. Every sale, every setback, every sleepless night - it all comes back to the same person: the owner.
A staggering 93% of small business owners reported higher costs this year, while 64% saw profits fall. Taxes, wages, and insurance top the list of pressures, with taxes ranked as the number one cost by half of respondents of a recent report.