Fair Work sting uncovers rife underpayment

The Australian, December 6, 2019 More than $300,000 has been returned to cafe and restaurant workers after a tactical Fair Work sting at four capital city food hotspots found 75 per cent of businesses were breaking the law. The Fair Work Ombudsman audit of 156 fast food businesses and cafes across popular food districts – including Melbourne’s Swanston and Lygon …

Claiming tax deductions on client gifts

SBDC Blog Claiming tax deductions on client gifts Giving gifts to clients at Christmas time is always popular and may help you win new clients and generate more income for your business. Under Australian Tax Office (ATO) rules, gifts given to a current or former client may be deductable at tax time if they are offered with the intention of generating future assessable …

Six ways to support small business this Christmas

SmartCompany, December 4, 2019 If you follow small businesses on Instagram, you will no doubt come across a popular saying: ‘when you buy from a small business, an actual person does a happy dance’. It’s a popular saying because it’s true: the dollars you spend with a small business really count. They pay the bills, they contribute to wages for …

Vulnerable women ‘at mercy of union thugs’

Australian Chamber of Commerce workplace relations associate director Tamsin Lawrence at a construction site in Canberra. Picture: Kym Smith The Australian, December 3, 2019 Australia’s peak small business lobby has warned the defeat of the government’s Ensuring Integrity bill imposing tougher standards on unions is a “defeat for all women who remain vulnerable and without protection” on worksites. Associate director …

“Over a barrel”: Should Afterpay’s ‘no-surcharge’ rule for merchants be axed?

SmartCompany, December 2, 2019 Should merchants using buy-now-pay-later (BNPL) services such as Afterpay be allowed to levy a surcharge to recoup their fees? That’s the question being asked by the Reserve Bank of Australia (RBA), which is casting its eye over whether ‘no-surcharge’ rules enforced on merchants by BNPL platforms should be banned. Publishing a payments regulation issues paper last …

Fringe benefits tax and Christmas parties

https://www.ato.gov.au/general/fringe-benefits-tax-(fbt)/in-detail/fbt-and-christmas-parties/ 29 November 2019 Christmas parties There is no separate fringe benefits tax (FBT) category for Christmas parties and you may encounter many different circumstances when providing these events to your staff. Fringe benefits provided by you, an associate, or under an arrangement with a third party to any current employees, past and future employees and their associates (spouses and …

Cash limit plan could provoke preselection challenges

The Age/SmartCompany, November 29, 2019 Senior ministers including Treasurer Josh Frydenberg could have their preselections challenged as disgruntled rank-and-file Liberal Party members demand the government ditch plans to ban cash payments of more than $10,000. As the nation’s peak business group, the Australian Chamber of Commerce and Industry (ACCI), joined calls to abandon the proposal, it now appears at the …

Retailers rejoice as Black Friday looms

Myer Melbourne general manager Loucinda McCorry promoting the Black Friday sales at the Bourke Street store on Thursday. Picture: Stuart McEvoy The Australian, November 28, 2019 The nation’s large and small retailers, both in suburban shopping centres and online, are jostling for $2.9bn in consumer spending over the next four days as the American shopping holidays of Black Friday and …

Big business is endlessly creative in screwing small business

Self-Employed Australia, October 04, 2019 They are very good, you know! That is, big businesses are really good at working out how to ‘do over’ their small business suppliers. Perhaps big businesses are most creative in the ‘gotcha’ game in the way they avoid paying small business people on time. Ooops, or sometimes even avoid payment? Australia’s largest construction conglomerate, …

Payroll ‘health checks’ for late employers as ATO reveals common STP errors

SmartCompany, November 28, 2019 Employers filing multiple payroll records and an inability to finalise data in cases where incorrect payments have been made have emerged as common issues facing businesses coming to terms with single touch payroll (STP) reporting. Almost two months after the hard deadline for employers with 19 or fewer workers to adopt real-time payroll, more than 462,000 …