Our Blog

Penalty rate changes for retail staff

The Fair Work Commission (FWC) has increased casual retail workers’ penalty rates for weekday evening shifts and Saturdays, but reduced them for Sunday shifts. The new penalty rate changes will be phased in over the next three to five years for the retail industry....

Confusion reigns over superannuation transfer balance cap

A recent speech by the ATO’s Assistant Commissioner for Superannuation demonstrates the very practical problems with the new superannuation rules. The $1.6 million transfer balance cap (TBC) that limits the amount you can hold in a superannuation pension requires...

What is Testamentary Capacity

A person’s ability to make a will is referred to as testamentary capacity. Essentially, this is a person’s ability to understand what they are doing and the effect of their actions. A person must have testamentary capacity at the time of making their will in order for...

Contractor Licence in the Home Building Industry

If you want to operate a business in the home building industry, one of the first things you need to apply for, and then maintain, is a contractor licence that authorises your business to undertake the works which it has contracted to perform. Sometimes things happen...

Absence from Principal Place of Residence?

Land tax is payable on the taxable value of all land situated in NSW and is charged on land as owned at midnight 31 December each year. A land owner may be exempted from land tax payment on their principal place of residence and this term is widely known as “PPoR”....

Payroll Tax in New South Wales

Payroll Tax in New South Wales An individual employer or a group of related businesses may be liable for payroll tax if the total liable wages throughout Australia, including NSW, exceeds the payroll tax threshold. From 1 July 2018 to 30 June 2019, the payroll tax...