Wednesday, January 19, 2022
News & Updates
    Accounting, Accounts  cash, money 
Simplified depreciation rules for small business
July 29, 2013 

If you need to buy depreciating assets in your business – computers, machinery, cars, etc., - then the new rules that came into effect on 1 July 2012 provide some significant tax advantages for businesses with turnover of less than $2 million.

Expanding our horizons!
Click on the link to find out just how you can stay in touch.

The Guide to activity statements (BAS)
An overview...

Are you being paid enough super?
The employee superannuation guarantee (SG) calculator tool is designed to help you determine whether you are eligible for SG contributions, and whether your employer is paying the correct amount.

Are you ready for the National Employment Standards (NES)

Are you ready for the National Employment Standards (NES) and the new system of modern awards coming into effect in Australia January 2010?

This will be relevant to all businesses in Australia and their staff. There are 10 minimum workplace entitlements in the NES, which may impact your business.

  • Maximum weekly hours of
    work - 38 hours per week, plus reasonable additional hours.

  • Requests for flexible
    working arrangements - allows parents or carers of a child under
    school age or of a child under 18 with a disability, to request a change
    in working arrangements to assist with the child s care.

  • Parental
    leave and related entitlements - up to 12 months unpaid leave for
    every employee, plus a right to request an additional 12 months unpaid
    leave, plus other forms of maternity, paternity and adoption related leave.

  • Annual leave - 4 weeks paid leave per year, plus an additional week for
    certain shift workers.
  • Personal / carer s leave and compassionate leave - 10 days paid
    personal / carer's leave, two days unpaid carer’s leave as required, and
    two days compassionate leave (unpaid for casuals) as required.
  • Community service leave - unpaid leave for voluntary emergency activities and leave for jury service, with an entitlement to be paid for up to 10 days for jury service.
  • Long service leave - a transitional entitlement for certain employees who had certain LSL entitlements before 1/1/10 pending the development of a uniform national long service leave standard.
  • Public holidays - a paid day off on a public holiday, except where
    reasonably requested to work.
  • Notice of termination and redundancy pay - up to 4 weeks notice of
    termination (5 weeks if the employee is over 45 and has at least 2 years of continuous service) and up to 16 weeks redundancy pay, both based on length of service. Note - redundancy pay is not relevant if you have less than 15 employees.
  • Provision of a Fair Work Information Statement - employers must provide this statement to all new employees. It contains information about the NES, modern awards, agreement-making, the right to freedom of association, termination of employment, individual flexibility arrangements, rights of entry, transfer of business, and the respective roles of Fair Work Australia and the Fair Work Ombudsman.

For more information and to access the NES and modern awards go to: