Market Wrap

Each month we publish Market Wrap, a summary of the previous month’s economic highlights. Economic Overview October 2021 Investors remained focused on rising inflation and the possibility of policy settings being tightened worldwide. Bond yields continued to rise – particularly in Australia – as investors brought forward their expectations for interest rate hikes. This hampered returns from fixed income markets. Equity markets performed much more strongly, aided by the release of…  Read more

New stapled super fund employer obligation

From 1 November 2021, if you have a new employee start, there is now an extra step to comply with if they don’t choose a super fund. Previously when your employee did not choose a superfund, you were required to pay their super to the default superfund. From 1 November, this is changing. If your employee does not choose a superfund, you will be required to check with the ATO…  Read more

Change to Fair Work Act: Casual Employment Reform

The Fair Work Act has recently been amended to change the workplace rights of casual employees. It is important that employers review the new rules, understand the new employer obligations and ensure compliance. Casual employee definition A person is a casual employee if they accept an offer for a job from an employer knowing that there is no firm advance commitment to ongoing work with an agreed pattern of work.…  Read more

Audit Insurance

Tax Audit Insurance protects a business from unexpected costs incurred in the event that it is selected by the Australian Tax Office (ATO) for compliance auditing. An audit insurance policy covers the costs of accountants, other professional fees and associated costs incurred in the course of an audit. Increasingly, the ATO are focusing on small to medium businesses and individuals, particularly those with more complex affairs such as trusts, self…  Read more

Commercial Tenancy Relief Scheme webinar recording

On 28 July 2021 the Victorian Government announced the reintroduction of the Commercial Tenancy Relief Scheme affording protection to tenants affected by the COVID-19 pandemic. Under the scheme, landlords are obliged to provide relief to eligible tenants that have experienced the requisite decline in turnover. Regulations are now in effect and our team has analysed the detail to prepare an insightful webinar outlining everything you need to know. Principal, Chris…  Read more

Still Doing Your Own Payroll? Here’s 3 Reasons Why You Should Stop

At face value, it seems like a great idea. If you’re a small business owner with just a few employees, you probably think that hiring a payroll specialist is an expense that you can avoid. You feel that you can handle it yourself. You have the best intentions to keep your staff paid right and on time. What could go wrong, right? Well, lots actually. Below are the reasons why…  Read more

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