The Winter 2022 edition of Business and Profit Matters has been released and is brimming with both strategies for managing your business as well as key information around recent legislative changes, tax returns, inflation and compliance.
In this issue, the editorial offers an informative view of the recent Fair Work Commission’s Minimum wage decision, raising the minimum hourly wage for Australian workers from $20.33 to $21.38. Sticking to the theme of wages, the editorial starts a conversation around wage theft and how to avoid finding yourself in a position of non-compliance.
A look into commercial debt forgiveness rules around the natural love and affection exclusion is also discussed, with an update to this rule essentially ruling this exclusion out for trusts or companies. Other areas covered are compliance around casual workers as well as tools for handling mounting inflation rates.
Rounding out this Winter 2022 issue is a conversation around what the new financial year holds for your superannuation and your business, as well as a look at what you need to have ready for your Accountant to ensure you have a smooth company tax return ride.
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