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

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

The Balancing Act: The 2021/22 Budget Detailed Review

Kieran BowdenAustralian Budget, General

The Balancing Act: The 2021/22 Budget Detailed Review

The 2021-22 Federal Budget is a balancing act between a better than anticipated deficit ($106 bn), an impending election, and the need to invest in the long term. Key initiatives include: Extension of temporary full expensing and loss-carry back providing immediate deductions for business investment in capital assets Introduction of a ‘patent box’ offering tax concessions on income derived from … Read More

How to: Invite a user to your Xero file

Kieran BowdenBusiness Technology, General

How to: Invite a user to your Xero file

As lovers of technology, we’re big fans of helping you improve in efficiency and business processes. So with this in mind, we’ve put together another quick video, showing you step by step how to easily invite a user to your Xero file – a question we’re frequently asked on how to do. Check it out.

Dext: formerly known as Receipt Bank

Kieran BowdenBusiness Process, General

Receipt Bank

As you may know, Receipt Bank recently announced their rebrand. Now known as Dext, the new name is a fusion of two words: the dexterity that accountants and bookkeepers bring to their client’s challenges and the next generation attitude that so many have. So, what does this mean for you? Jess Heapy, our ReceiptBank (Dext) 2020 Up and Coming Accountant, talks … Read More

Life after COVID | Part 4: Working with your advisor

StuartCOVID19, General

Looking ahead at business in 2021

  Welcome to the final part of our 4-part video series, arming you with the tools you need to prepare your business for life after COVID. Business advisors are a dime a dozen, but at 542 it’s our approach that makes us uniquely different. And in business: different is good. As we approach 2021, it’s more important than ever before to … Read More

The end of JobKeeper: is your business prepared?

StuartCOVID19, General

The end of JobKeeper is your business prepared

The extension of JobKeeper, came as a welcome relief for many business owners. In an attempt to reduce the number of employees receiving more money than they previously earned prior to the pandemic, the overhauled scheme came with strict new rules. Centred mainly around who qualifies, meaning businesses are now required to complete more frequent turnover-reporting to prove ongoing financial distress. Surviving, … Read More

Are you ready? JobKeeper 2.0 changes coming into effect

StuartCOVID19, General

Are you ready? JobKeeper 2.0 changes coming into effect

Last month, in response to the worsening economic conditions in Victoria due to the Stage 4 restrictions, the Federal Government announced further changes to the JobKeeper program. As part of the announcement, it included new requirements for eligibility as well as gradually reduced payments for employees. Keeping up with JobKeeper At a glance, the major changes to the scheme included: the extension of … Read More

JobKeeper 2.0: NEW Requirements

StuartCOVID19, General

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From 28 September 2020, employers seeking to claim JobKeeper payments will need to reassess their eligibility and prove an actual decline in turnover. From this date, the JobKeeper payment rate will reduce and split into a higher and lower rate based on the number of hours the employee worked in the 4 weeks prior to 1 March 2020 or 1 … Read More