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22.05.2022
Reckon sells accounting division for $100m
Australia’s only ASX-listed accounting software company, Reckon, has agreed to sell its Accountants Practice Management Group to the UK-based Access Group for $100 million. The Reckon board has recommended the all-cash sale to shareholders and will ...
15.05.2022
New annual wage arrangements in the health services and marine towage industries
There are new terms about using annual wage arrangements in the: Health Services Award Marine Towage Award. These arrangements, sometimes called annualised salaries, can be made from the first full pay period on or after 9 May 2022. An annual salary ...
15.05.2022
Providing employees with vaccine incentives or pets can lead to FBT obligations: ATO
The Australian Taxation Office (ATO) is today urging employers that have provided their employees with fringe benefits to consider their fringe benefits tax (FBT) obligations – including registering, reporting, lodging and paying FBT. The ATO expects ...
15.05.2022
Accused believed Plutus legit, trial told
Adam Cranston has denied that he conspired to defraud $105 million from the tax office, saying he believed Plutus Payroll was above board when he acquired the business in 2016. When his company Synep took over Plutus for $5 million in June 2016, Cranston ...
15.05.2022
ATO flags super guarantee charge deadline
Employers that will struggle to pay an employee’s minimum superannuation guarantee (SG) amount on time and to the right fund, must remember to pay the superannuation guarantee charge (SGC) this tax time, says the ATO. “We understand that paying your ...
06.05.2022
New minimum wage guarantee for pieceworkers
From the first pay period on or after 28 April 2022, there is a new minimum wage guarantee and new record keeping requirements for pieceworkers under the Horticulture Award. Summary of changes to the Horticulture Award New piece rate rules Under the ...
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