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.

Additional Tax Deductions for Farmers Oct 10, 2018

There is now further relief for primary producers to allow immediate deductions for fodder storage assets. The 2015-2016 Budget proposed the introduction of legislation that allows primary producers to deduct the capital expenditure of fodder storage assets over three years instead of their effective lives.

Aspiring business students boost career opportunities thanks to Ulton Oct 3, 2018

Two Bundaberg local students have outshone their peers and secured valuable paid work experience as part of Ulton’s vacation program.

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