Auswild & Broad Blog

Directors are now required to register for a unique identification number that they will keep for life.

Superannuation is not like other assets as it is held in trust by the trustee of the superannuation fund. When you die, it does not automatically form part of your estate but instead, is paid to your eligible beneficiaries by the fund trustee according to the rules of fund, superannuation law, and the death nomination you made.

Running a business can be an isolating experience. And, with COVID-19 lockdowns and disruptions to trade, the pressure can be intense.

It is not the first time China has undertaken a concerted campaign to use its economic might to secure its policy goals.

The ATO has provided relief from lodgement compliance and payment obligations for those impacted by the bushfires.

How employers are being caught out by the timing of superannuation guarantee payments.

Employees with multiple employers can now opt-out of superannuation guarantee from all but one employer.

The countdown to Christmas is now on and we’re in the midst of the headlong rush to get everything done and capitalise on any remaining opportunities before the Christmas lull. Busy period or not, Christmas causes a period of dislocation and volatility for most businesses. This dislocation and volatility mean that it is not ‘business as usual’ and for many businesses, it is the change that causes the problem.

The Black Friday and Cyber Monday sale concepts have well and truly arrived in Australia with retailers embracing this latest retail event to stimulate what has been an economically lack lustre year.

The Tax Office is actively targeting geographic areas for special visits as part of a nationwide crackdown on the black economy.