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Should you provide workers compensation insurance for your employees? There might be a few more benefits than you expect. First, let’s look at what this type of insurance entails, and then why you should already have a scheme in place. What is workers compensation insurance? This type of insurance will pay out if one of…
If you weren’t paying attention, the Fair Work Commission has recently announced a 3.3% increase to the minimum wage. It will take effect from the first full pay period beginning on or after 1 July 2017. This is great news for workers making minimum wage, who will now receive $694.90 per week for full-time work…
Dear Treasured Clients, We are currently facing a communication outage resulting in major service disruptions with our phone and internet lines. The outage is caused by a fire at the Parkea Exchange which occurred Monday night and has caused extensive damage to our broadband and phone services. The technicians are now working on the site to bring…
The accounting and bookkeeping industry has seen something of a renaissance in recent years. With such rapidly shifting developments in technology and accounting roles, you may find it difficult to keep abreast of new developments. Here are a few important accounting trends that are solidifying in 2015 and will continue to have an impact on the industry. Cloud Technology and…
When you receive money from selling an asset, the profit you make on that sale is viewed as a capital gain, and you may owe tax on it. If you end up receiving less return on an asset than you paid for it, that is considered a capital loss. The Taxation Office has a unique view of “profit,” and…