Changes to the minimum wage
Following its 2011 Annual Wage Review, Fair Work Australia has increased the modern award minimum wages by 3.4%. This increases the minimum wage to $589.30 per week or $15.51 per hour. read more
Unpaid directors fees
Tax Commissioner Michael D’Ascenzo has warned directors of private companies about claiming deductions for directors fees where amounts may remain unpaid by the end of the following income year.
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ATO warns investors of tax time schemes
The ATO has warned taxpayers to steer clear of tax avoidance schemes as they prepare to lodge their 2011 tax returns. read more
2011 Budget Overview
Overview of the 2011 Federal budget, for more information on the 2011 Budget and its impact and changes to your business and tax returns contact the team at South East Access, phone 02 4454 4444. read more
Australian businesses will benefit from significant changes to commercial law
From October 2011, Australian businesses will benefit from significant changes to commercial law. If your business supplies or receives goods on retention of title basis or on consignment, bailment or lease you will be affected by this reform.
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MoneySmart
The MoneySmart website offers free, independent guidance to help you make the most of your money. read more The Margin Scheme
The margin scheme is a way of working out the GST you must pay when you
sell property as part of your business. read more
Fuel tax credit eligibility
Decision tool designed to assist businesses in determining whether the fuel they use in business operations which may be eligible for fuel tax credits. read more
Complimentary Business Assessments
During March 2011 South East Access are providing complimentary Business Assessments. The accountants and business advisors at South East Access will help you target specific challenges in your business.
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Guide for non-profit sporting clubs
The guide for non-profit sporting clubs to use when self-assessing if they are exempt from income tax as a society, association or club established for the encouragement of a game or sport. read more 