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Arabon Accountants change to employee super

Super stapling: Key change to employer obligations for employee superannuation

Leave a Comment / Business Accounting, Business Advice, Superannuation / Arabon Accountants

From 1 November 2021, there will be a key change to employer obligations for employee superannuation when setting up a new employee’s super fund. If a new employee doesn’t specify a super fund, there will be an extra step to ensure they comply with government requirements. What is the change? If a new employee does not specify […]

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Arabon Accountants three important business lessons

Three important business lessons to be learned from COVID-19

Leave a Comment / Business Accounting, Business Advice / Arabon Accountants

If you’re like many small business owners, you’re probably astounded by how the world has changed in a very short time. While we can all hope that the pandemic is a once-in-our-lifetime scenario, the truth is there is a lot in life and business that is uncertain, and there are many important business lessons to

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Arabon Accountants wise ways to spend tax refund

Five wise ways to spend your tax refund

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For those fortunate to expect a tax refund each year, there are wise ways to spend your tax refund. For many, it can be an exciting time waiting for those hard-earned dollars to hit your bank account and planning what to spend their refund on. This can often be an opportunity to treat yourself with

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Arabon Accountants COVID-19 Disaster Payment

How to access the COVID-19 Disaster Payment Queensland

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If you were unable to work during Queensland’s most recent lockdown, you may be eligible to receive the COVID-19 Disaster Payment Queensland. This is a lump-sum payment for eligible people who lost work and income while the public health order was in place between 31 July and 8 August 2021. Who is eligible to receive

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Updated: Queensland Government 2021 COVID-19 Business Support Grants for lockdown-impacted businesses

Leave a Comment / Business / Arabon Accountants

The Queensland Government have announced a $260 million package to support Queensland businesses, particularly small and medium sized enterprises. Named the 2021 COVID Business Support Program, $5,000 grants will be available to Queensland businesses across the state, not just businesses in the 11 locked down areas. What grants will be available? The $5,000 grants will

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Arabon Accountants tax changes 1 July 2021

Tax changes and updates from 1 July 2021

Leave a Comment / Business Accounting, Tax / Arabon Accountants

The new financial year has arrived and so has several updates to the tax system and new policies impacting superannuation, healthcare, wages and tax rates. Here’s what you need to know post 1 July 2021. Superannuation payments to increase Working Australians will receive a 0.5% boost to their superannuation fund. Legislation requires superannuation contributions to

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Fair Work Australia Minimum Wage Review 2021

Leave a Comment / Bookkeeping, Business Advice, Payroll / Arabon Accountants

The Fair Work Australia Minimum Wage Review 2021 has revealed a 2.5% increase to the national minimum wage starting 1 July 2021. The decision was based on a foundation that the country’s economic performance has ‘exceeded expectations’ and that recovery was well underway. The minimum wage will increase from $19.84 to $20.33 or $772.60 per week

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Trust Distribution Minutes and Dividend Statements: what you need to know before June 30

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It’s almost 30 June. Have you done your trust distribution minute and/or intend to pay your beneficiaries a dividend? If you have a discretionary trust, then 30 June is an important date for you. The purpose of a trust is to separate the legal and beneficial ownership of assets. The legal ownership of the asset

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