Award and minimum wage changes
The Fair Work Commission recently announced an increase to the national minimum wage of 2.5%. The increase means the new national minimum wage from 1 July 2021 is $772.60 per week or $20.33 per hour. The increase also applies to modern award wages however in certain industries the effective date for the increase has been […]
Are COVID-19 funding and grants tax free?
Most people would think that money provided by the Government to support people and business during a crisis would be tax free. Otherwise, it’s like giving money with one hand and then taking it away with the other, isn’t it? But, the tax laws don’t work like that. To make a payment tax-free, legislation is […]
Growing your business value
Over the next decade, as the baby boomer bubble of small and medium sized business owners roll through the system, Australia will experience one the largest transfers of business wealth in its history. Succession planning is more important than ever. Not just because of the transfer of wealth, but because of the polarising impact of […]
Business in a post pandemic environment
Countries that have experienced the worst of the pandemic give Australian businesses an insight into what to expect in a post-lockdown environment. Australia, like New Zealand, has managed COVID-19 on an elimination basis. That is, lockdowns and border closures to keep the virus out. But the flip side of a COVID-19 elimination strategy is a […]
Afterpay’s $39bn pay day
Business advisers will tell you that you need to begin a business with the end in mind; a phrase popularized by Michael Gerber in E-Myth. The announcement of the intended sale of Australian born fintech company Afterpay, pioneer of the ‘buy now, pay later’ platform, is a case in point. The company was founded in 2015 […]