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22
Jun

2016 National Minimum Wage Increase

The Fair Work Commission recently handed down their decision to increase minimum wages by 2.4% as part of their annual wage review.

30
May

Key Considerations For Your SMSF In The Lead Up To 30 June

The Federal Budget passed down on 3 May 2016 announced major changes to superannuation in terms of concessional and non-concessional contribution limits, the retirement account cap and contribution entitlements (click here to read our full recap of the changes).

30
May

Fraud In The Food Industry

Recently the Fair Work Ombudsman (FWO) has launched a number of investigations into fraud and corruption in the food and hospitality industry.  These investigations have focussed on ensuring businesses comply with labour laws and employee rights, including applicable awards and working conditions.

30
May

Federal Budget: Division 7A Changes Resurface

As part of the 2016 Federal Budget the government made a simple announcement that it intends to make a number of “targeted” changes to the rules concerning Division 7A.  Division 7A seeks to prevent private companies from making tax-free distributions of profits to shareholders.

30
May

Superannuation For Foreign Expatriates Working in Australia

All Australian employers are obligated to contribute superannuation equivalent to 9.5% of the gross wages paid to each employee to the relevant employee’s complying superannuation fund.  This includes foreign expatriates working in Australia, however, certain exemptions may apply meaning the mandatory 9.5% superannuation contributions are not required for qualifying expatriates.

5
May

How To Exceed Beyond Expectations – ESV Business Owners Event with Ita Buttrose AO OBE

On Wednesday 27 April ESV held our first Business Owners Event for the year with legendary Australian journalist, media trailblazer and businesswoman, Ita Buttrose.