• July 2017 Newsletter

 

Generational Succession

Do your kids really want to take over the family business.

1 July Changes

What did I miss?


Last month, Parliament passed legislation that will see GST applied to all consumer imports regardless of their value. Currently, imports below $1,000 are excluded from GST.


 

The ATO has warned taxpayers about common deductions that should not be claimed. 


In a new guide, Don’t be a dummy with your deductions, the ATO lists eleven items that are often claimed but probably shouldn’t be:


Top 6 HR Trends For 2017


HR is an ever evolving field an each generation that joins the workforce brings with them different ideas, knowledge, expectations & ways to work. This is a challenge for employers as if they do not adjust to the new way of working they are at risk of losing high performers. 


Malcolm Turnbull wants businesses to aid work-life balance with more flexible hours.


PRIME Minister Malcolm Turnbull has encouraged businesses to be more flexible and family-oriented — saying one of the biggest barriers’ to work-life balance is employers’ lack of imagination.

Minimum Wages Increase

  • Get Set for a 3.3% increase to base rates of pay

  • What you need to do?

  • Who does the increase apply to?

  • Changes to penalty rates


Best wishes from the DA Team


Quote of the month

"If it's a good idea, go ahead and do it. It is much easier to apologise than it is to get permission." - Admiral Grace Hopper.