Shuffling the deck: 2022-23 Budget 2.0

DarnelleAustralian Budget, Industry Info

542 Budget 2022 23 Cover

There is nothing in this Budget that would create a UK style crisis. The stage 3 tax cuts legislated to commence on 1 July 2024 are not mentioned, and most funding initiatives appear to be a reallocation of previous Government initiatives. And, the commodity driven $54.4 billion improvement in tax receipts has largely been banked, not spent. With seven months … Read More

Book your complimentary 30-minute HR Health Check

StuartGeneral, Uncategorized

Book complimentary HR health check

Has workplace compliance been on your mind? Book in a FREE Health Check today. Underpayments, incorrect or weak employment contracts, and paying an employee under the wrong award are common compliance errors businesses make – they’re costly errors that can damage a business, but thankfully they’re all avoidable. Don’t make the same mistakes – arrange your complimentary 30-minute Health Check … Read More

Get ready for super changes from 1 July 2022

Kieran BowdenSuper

financial year checklist

From 1 July 2022, two important super guarantee (SG) changes will apply to your business. Mitchell, Accountant at 542 Partners, takes you through the changes you need to know.  

Your 2022 end of financial year checklist

Kieran BowdenTax

Team image

The 2022 financial year has been another eventful year for most, having to continue to face unprecedented economic conditions, among many other challenges. Now that we are entering the last month of the financial year, there are a number of matters which you should still attend to as follows: Review your accounts receivable. If there are any invoices that you … Read More

50% wage subsidy available for eligible employees

Kurtis ThompsonGeneral

Wage Subsidy

The Federal Government has recently announced a new wage subsidy of up to $28,000 (per employee), paid in $7,000 per quarter over 12 months, aimed at business owners that have recently (within the last 3 months) employed new apprentices or trainees. Your business may be eligible for the subsidy if: you engage an Australian Apprentice between 5 October 2020 and … Read More