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01.05.2022
Sharper lending algorithms and “more affluent” users turning Beforepay to profitability, CEO says
The fortunes of pay-in-advance fintech Beforepay appeared to shift on Thursday, after a new report contrasted losses against rapid customer growth and a significant reduction in debt write-offs. Beforepay, launched in 2019, takes cues from the buy now, ...
25.04.2022
Tax-deferred employee share schemes (ESS)
A tax-deferred scheme allows an employee to defer paying tax in relation to their employee share schemes (ESS) interests until the income year in which the deferred taxing point occurs, instead of paying tax in the year the interests are acquired. To be ...
25.04.2022
What employees are paid if they work when daylight saving time ends
We have had a lot of calls from members about the start and end of daylight savings and how this affects people who work overnight shifts. Here is some clarity from Fair Work. Employees should check their award or enterprise agreement for terms about ...
25.04.2022
Unpaid family and domestic violence leave entitlements
Entitlement to unpaid family and domestic violence leave All eligible employees are entitled to take unpaid family and domestic violence leave. This entitlement became part of the National Employment Standards (NES) in 2018. There hss been recent changes ...
25.04.2022
How to report employment and taxation information through STP Phase 2
There are many factors to help you work out the correct amount to withhold from your employees’ pay. These may be based on information they provide in their TFN declaration or withholding declaration, or their employment information. You must now report ...
18.04.2022
Spotless penalised for failing to pay redundancy
The Fair Work Ombudsman has secured a $17,500 penalty against facilities services company Spotless Services Australia Limited in a legal action that has established greater clarity on situations in which employers must pay redundancy entitlements. The ...