The Directors and Staff at Stubbs Wallace would like to wish you and your family a safe and happy Christmas and a prosperous New Year. Thank you for your support and loyalty over the past 12 months and we look forward to your continued support in 2022. Our office will be closed from 12:00noon Friday […]
The ATO now requires all directors to register for a unique identification number that they will keep for life. The Director Identification Number (DIN) is a 15 digit number and will help the ATO prevent potential fraud and phoenix company activity. Who needs a Director ID All directors of private companies including corporate trustees of […]
Please be aware that there are some changes coming into effect on 27 September 2021 regarding casual employment. Changes to the Fair Work Act 2009 now require non-small business employers (businesses with 15 or more employees) who have casual employees to make a written offer to convert a casual employee to permanent employment (either full-time […]
The Small Business Covid Hardship Fund assists eligible small and medium size businesses that have been impacted by Covid-19 restrictions. This program offers grants of $14,000, including employing and non-employing businesses that have been ineligible for other key Business Victoria grant programs that have been announced since 27 May 2021. Businesses must have experienced at […]
From 1 November 2021, if you have a new employee start that does not choose a super fund you will have an extra step to take to comply with choice of fund rules. You will need to request their ‘stapled super fund’ details from the ATO. A stapled super fund is an existing super fund […]
The Fair Work commission has announced a 2.5% increase to the minimum wages following the Annual Wages Review 2021. This increase will apply to all awards in 3 stages; Stage 1 – Most awards will increase from the first full pay periods on or after 1 July 2021. Stage 2 – The Retail Award will […]
New wage theft laws will come into effect as of 1 July 2021 in Victoria. These new laws will now make it a criminal offence for an employer to deliberately underpay their employees or dishonestly withhold employee entitlements. Wage theft offences involve deliberate and dishonest conduct when the entitlements under an employment agreement or award […]
The Festival Wall is an exciting collaboration between the Shepparton Festival and Stubbs Wallace. This year’s artwork is from artist Dery Theodorus and is now on display for the entire year and can be viewed at our office at 160 Welsford Street. For more information on the Shepparton Festival visit their Website.
The Superannuation Guarantee Rate is due to gradually increase from the current 9.5% to 12% over the next 5 years as per the table below: Year Percentage Year starting 1 July 2020 9.5% Year starting 1 July 2021 10% Year starting 1 July 2022 10.5% Year starting 1 July 2023 11% Year starting 1 July […]
The Latest Federal Budget announced a welcome extension to the full expensing policy. Please see below BMT Tax Depreciation’s summary for more details. BMT Tax Depreciation Business Incentive Summary Sheet