Tax Residency – We now seem to be certain that Mr. Harding is a resident of the Middle East Mar 14, 2019

With the ever increasing globalisation of trade and commerce, the geographic mobility of many employees has also followed suit. 

Employers protected from casuals double-dipping Feb 15, 2019

Employers are now protected from casual employees ‘double-dipping’ under the Fair Work Act Regulations 2009 (Cth) (Regulations) effective 18 December 2018. 

The Christmas Party Rules Nov 21, 2018

Are you having a Christmas party?

In today’s world, responsibility for all work related events rests with the business owner. As a business owner, there is a real risk that you could be held vicariously liable for any of your employees who behave badly.

What steps have you put in place to ensure the health and safety of your staff and any other attendees? Our Workplace Party Checklist will help you mitigate your risk of hosting a staff Christmas party so you too can relax and enjoy knowing you have taken ‘reasonable steps’ to avoid the onset of a woeful hangover that may linger long after the Christmas party has ended.

Melbourne Cup Strategy 2018 - Morgans Recommendations Nov 6, 2018

If you are looking for a hot tip in this year's Melbourne Cup, why not consider an Economists recommendation?

Company tax rate lowered from 27.5% Oct 25, 2018

With a speed not usually seen with tax legislation, the Treasury Laws Amendment (Lower Taxes for Small and Medium Businesses) Bill 2018 was introduced into parliament on the 16th October and passed both houses on the 18th October. The Governor-General gave his royal assent on the 25th October.

Companies that meet the below criteria will have a tax rate of 26% in 2020-2021 and 25% in 2021-2022. To be eligible for the lower tax rates the companies need to;

  • Have an aggregated turnover of less than $50 million; and
  •  Pass the base rate entity passive income test (BREPI) by having no more that 80% of their assessable income as passive income.
This brings forward the 25% tax rate that wasn’t planned to start until the 2026/2027 years.

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