Important Attributes That Make A Great Business Leader
If you were to sit down with ten different entrepreneurs and ask them what they believe makes a great leader you would most likely receive 10 different answers. However, there are some important attributes that seem to get spoken about more than others. Here is a good list of traits that an individual should focus […]
Tips For Reducing Burnout In The Workplace
Experiencing burnout in the workplace a problem many Australians experience at some stage during their professional career. This has become even more common in the age of covid-19 when a recent survey revealed that almost three-quarters of Australian and New Zealand workers admit to have experienced burnout at some stage during 2020. There are many […]
Australian Workers Being Unpaid for Overtime Has Surged
Recently published research can reveal that up to 70 percent of Australian workers are working unpaid overtime. This comes as Australia experiences a surge in unpaid work as a result of hybrid working arrangements brought about by the covid-19 pandemic. The research illustrates that Australians are on average working 7.3 unpaid hours per week. This […]
Employee Overtime Increased By 33 Percent In 2020
Recently published research has highlighted that overtime work increased in 33 percent of businesses across Australia over the last 12-month period. 59 percent of non-award staff were unpaid for their extra hours. Only 13 percent managed to decrease overtime over the past 12 months. Of those 33 percent of Australian business that increased overtime, 20 […]
FBT Exemption For Retraining Employees Has Been Passed Through Parliament
The Treasury Laws Amendment (2021 Measures No. 4) Bill 2021 has been passed through both houses of parliament. This means that employers will be given an exemption from FBT if they provide education or training to a redundant, or soon-to-be redundant, employee for the purpose of assisting that employee to gain new employment. This exemption […]
Important Information About The Superannuation Guarantee (SG)
For Australian workers the most common type of contribution regularly going into your super account is likely to be the Superannuation Guarantee – or SG for short – which is the contribution your employer is required to make into a super fund on your behalf. The SG is part of the remuneration you receive from […]
1 In 3 Australians Are Currently Looking For A Career Change
Newly published research illustrates that as many as 38 percent of Australian workers intent to quit their jobs over the new 12 months. This same survey revealed that a further 39 percent of workers admit to being open to new opportunities. Some of the reason’s workers were keen to look for new positions of employment […]
Calls for The Australian Government to Expand Self-Education Deductions
The Institute of Public Accountants has called upon the federal government to follow through with its proposal to expand tax deductions to training and education that is unrelated to an individual’s current employment activities. At the present time, taxpayers are only eligible to claim tax deductions for self-education expenses that are directly related to their […]
An Important Reminder for Taxpayers to Keep Working from Home Records
Despite Australia faring much better than the majority of the world during the covid-19 pandemic, the working patterns of employees has changed in step with the rest of the world. Over the past 12 months millions of Australians have been forced to work from home. It is therefore crucial for taxpayers to keep a diligent […]
CGT and FBT Exemption Draft Legislation Released
The Australian Government has published two pieces of draft legislation which were originally announced in the most recent federal budget from October 2020. The first piece of legislation which has been released include measures to exempt employers from the 47 percent fringe benefits tax (FBT). The second piece of legislation released provides a capital gains […]