SMEs must be mindful of the Casual Conversion Clause in Modern Awards Sep 12, 2018

Casual employees may request conversion to permanent employment from 1 October 2018.

Many SMEs operate their business utilising a casual workforce. Is this still the best approach for your business? It’s a question that business owners need to ask and think about.Particularly, now that casuals may exercise their right to convert their casual employment to permanent. Also, with the Courts finding long term casuals to be ‘permanent’ employees, entitled to annual leave payments, that’s another good reason.

From 1 October 2018, a Casual Conversion Clause will be inserted into another 84 Modern Awards. If you operate your business with a casual workforce be mindful of the Casual Conversion Clause. It will affect your business. This communication provides you with what you need to know about the Casual Conversion Clause to mitigate your business risk.

Access to the lower Corporate tax rate: The new 'Passive Income Test'. Sep 6, 2018

The Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Bill 2018 received royal assent on the 31 August 2018. These new laws further restrict which companies will be able to apply the lower tax rate of 27.5%. 

The new laws, replace the carrying on a business test with a base rate entity passive income (BREPI) test. This will mean companies with mainly passive income will be ineligible for the lower rates of tax. A company will pass the BREPI test if no more than 80% of the entity’s assessable income for the year is BREPI.

Does this apply to your company?

Why use a Financial Adviser at Ulton Wealth Management? Helping you manage Risk Aug 21, 2018

When you partner with us, we want to ensure that we protect you and your family from catastrophe.

Why SMEs should prioritise Workplace Health and Safety despite the obvious. What is the Incentive? Aug 15, 2018

The journey to Workplace Health and Safety (WHS) compliance can be overwhelming for many SMEs.  It’s time consuming. It’s labour intensive. Unintentionally, it often ends up at the bottom of the list.  Despite the obvious, what’s the incentive to prioritise?

Take action to help improve your financial position. Aug 14, 2018

Take action / Provide Certainty
Studies in Behavioural Finance show that only 20% of people are actually ready to take concrete action to improve their financial position.  Part of our job is to make you, one of the 20%.  We can then help deliver certainty that can help you improve your financial position.

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