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A windfall of hundreds of millions of dollars is waiting to be claimed by Victorians in long-lost wages, rental bonds and share dividends. Read More…

On 5 May 2020, the Victorian Government confirmed that any eligible Commonwealth Government JobKeeper Payments to meet the $1,500 threshold will not affect the calculation of the WorkCover premium.
These changes are to support Victorian employers during the uncertainty of the coronavirus pandemic. Read More…

The company tax rate will reduce to 26% for small and medium businesses from 1 July 2020.
The July change is part of a larger progressive plan to reduce the company tax rate to 25% from 1 July 2021. Read More…

Another End Of Financial Year is upon us! This means that once you have run your last pay run for the 2020 financial year, it is time to finalise payroll. Now that you are reporting under the Single Touch Payroll (STP) system, you need to complete the STP finalisation process in your software, rather than preparing year end payment summaries (group certificates). Read More…

The Government has announced grants of $25,000 to encourage people to build a new home or substantially renovate their existing home. Read More…

One of the most common questions we are receiving in the last few weeks, is how to allocate the new income amounts received under the Governments COVID-19 stimulus packages, in your accounting software. Regardless of which software you use, the treatment will be the same: Read More…