by Affinity | Mar 5, 2020 | Business eNews
At some stage of any business owner’s lifecycle, the idea of expanding the business will come to mind – The owner may be looking for capital to grow, incentivising key employees, or introducing another stakeholder who can offer expertise. The commercial drivers...
by Affinity | Mar 5, 2020 | Business eNews
One of the best tax breaks for small business is the instant asset write-off, which is a great way for business owners to acquire capital assets required for their business, and at the same time, getting a well needed tax break. Small and medium sized businesses with...
by Affinity | Mar 5, 2020 | Business eNews
The Fair Work Commission has been increasingly expanding the rights of casual employees. And the Commission’s January 2020 decision against Bed Bath N’ Table now confirms that casual employees will be able to access unfair dismissal remedies. The facts of the case...
by Affinity | Mar 5, 2020 | Business eNews
There’s not one deciding factor that makes someone an employee or contractor for tax and superannuation purposes. As an employer, it’s a decision that can be made only when the entire working arrangement has been reviewed. It’s important to assess...
by Affinity | Mar 5, 2020 | Business eNews
Treasury has released its Mid-Year Economic and Fiscal Outlook (‘MYEFO’) for 2019/20 forecasting a surplus of approximately $5 billion. Proposed new record-keeping course One new tax-related measure of note in the MYEFO was the announcement the ATO would be provided...
by Affinity | Mar 5, 2020 | Business eNews
Businesses can claim a tax deduction for expenses on work related travel. However there are additional issues that need to be considered when a holiday is planned to coincide with the work trip, or there is so other private activity during the trip (e.g. catching up...
