News

Steps to Set Up for Success in Business – Step 2
When your business is up and running, it means you have successfully launched your venture, have customers, and are generating revenue. However, the work continues. To protect your investment and set your business up for long-term success, you need to take several strategic steps:

Small Business – Plan For Cost Rises. The end of the financial year (EOFY) is an important time for business owners to request financials from the bookkeeper to help measure the success, identify issues from the year just finalised, and plan ahead considering cost increases.

Wage Subsidies Available
Workforce Australia advises that financial support up to a maximum of $10,000 may be available to businesses that hire new staff. Wage subsidies may be available to businesses that hire eligible individuals into ongoing jobs. Wage subsidies can be up to a maximum of $10,000.

Small Business – Plan For Cost Rises. The end of the financial year (EOFY) is an important time for business owners to request financials from the bookkeeper to help measure the success, identify issues from the year just finalised, and plan ahead considering cost increases.

New Superannuation Standard Choice Form. Employers must provide a standard choice form to employees at the commencement of employment.

Paid Parental Leave to be Extended to 26 Weeks by 2026. In an effort to close the gender pay gap, increase women’s workforce participation, and provide families with more flexibility during their children’s formative years, the Paid Parental Leave (PPL) system will be increased from 18 weeks to 26 weeks over the course of the next four years.

Amended Fair Work Act to Include a Range of New Workplace Laws. Employers should start planning and preparing for the impact of these significant reforms.

Be Business Ready for a Cyber Incident. In its annual cyber threat report, ACSC assessed that medium size businesses had the highest average loss per cybercrime where a financial loss occurred.

10 Days of Paid Family and Domestic Violence Leave Each Year. If you or someone you know is impacted by sexual assault, domestic or family violence, call 1800RESPECT on 1800 737 732 or www.1800respect.org.au

Make Protecting Your Identity & Personal Information Part of Your Day. The growing numbers and the recent surge in data breaches and scams are on the minds of many individuals at the moment, particularly those who have had their data breached.

Obtain a Director ID Now or Get Penalised! All directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporations are now required to obtain a director ID.