IR Alert: Casual Employees – The Cost Of Getting It Wrong

In a recent decision handed down by the Full Federal Court in the case of Workpac Pty Ltd vs Rossato [2020], it has been determined that an employee, whom is incorrectly classified as a casual employee and paid a casual loading, may also claim annual leave and personal leave from their employer.

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Director Identification Numbers

Another tool in the regulatory arsenal to combat phoenix activity has passed parliament and is awaiting royal assent. A DIN is a unique numerical identifier attributed to each director in perpetuity.

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HomeBuilder Grant

On 4 June 2020, the Federal Government announced the HomeBuilder program to support jobs in the residential construction sector. The program is a time-limited grant, designed to boost activity in the housing industry after the Housing Industry Association warned it was bracing for a potential drop of 50% for new builds in the second half of 2020.

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Instant Asset Write-Off Extended

On 9 June 2020 the Australian Government announced that the Instant Asset Write-Off has been extended until 31 December 2020 for eligible businesses. The scheme provides eligible businesses with an immediate tax deduction for the full value of certain assets.

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Year-End Planning 2020

End of Financial Year Planning is fast approaching and now is a good time to think about opportunities and risks that should be addressed before 30th June 2020. Our latest newsletter addresses some of the key year-end issues to consider.

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