Recruiting new employees? The 1 November superannuation rule changes
When your business hires a new employee, the Choice of Fund form is used to identify where they want their superannuation to be directed. If the employee does not identify a fund, generally the employer directs their superannuation into a default fund. From 1 November 2021, where an employee does not identify a fund, the […]
An ESS in Action
mi-fi have been working closely with Qsic, the world’s first commercial music streaming service with built-in AI to positively influence customers’ mood, mindset and behaviours, since the company’s inception in 2012 and have continued to guide and support the business throughout its different stages of growth – from the idea phase, right through to Qsic’s Series A capital […]
Employee Share Schemes
Employee equity, through an Employee Share Scheme (ESS), can be a powerful tool for any business looking to supercharge its growth, especially a start-up business that is running on finite capital. Properly constructed, and implemented, it can attract and incentivise employees and align the interests of employees with the business’s investors and founders. In Australia, younger […]
Unwinding COVID-19 Relief
COVID-19 support will roll back as states and territories reach vaccination targets. The National Plan, the road map out of COVID-19, does more than provide greater freedoms at 70% and 80% full vaccination rates, it withdraws the steady stream of Commonwealth financial support to individuals and business impacted by COVID-19 lockdowns and border closures. We […]