Previously in the Director Penalty Regime, directors had to specifically ensure payment of unpaid company PAYG tax and Superannuation Guarantee Charge (“SGC”). This meant that Director Penalty Notices (“DPNs”) generally only had an impact on companies with employees. However, the government has overhauled and reformed the Australian corporations and tax laws in the 2018 Federal Budget. Read More
Budgetary measures to clip the wings of directors of so-called “phoenix companies” by way of legislative extensions to the Director Penalty Regime, will cost taxpayers a modest $40m over the forward estimates. Read More
You’d think SME owners would be making the most of the tax break available to them by the Federal Government’s Asset Write Off Scheme. But 60% of them aren’t. Why? Read More
The onus is on the new Liberal Government to improve SA’s image without delay by deregulating shopping hours – although delay could be a distinct possibility given membership changes in the Legislative Council as a result of the recent election. Read More
Ever since Caesar ignored warnings about the Ides of March, things have tended to go wrong for a lot of people about the middle of that month. Not of course as seriously wrong as they did for Caesar, but bad enough to be life changing for many business owners bankrupted around that time each year. Read More
Amendments to the Fair Work Act now provide added protection for vulnerable workers and include penalties or fines for “serious” breaches of workplace law. Business owners and their advisors should be aware of these changes to the Act. Read More
