Recent Issues and changes that could effect you

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The RBA expects that inflation will return to target in mid 2025 but rising unit labour unit costs presents a significant risk for inflation.

The multi-agency operation found documents that allegedly showed the employment of unlawful non-citizens.

As a business, you may consider installing video surveillance on your premises to discourage theft or ensure the safety of your customers and personnel. However, your business may suffer significant legal implications if you do not adhere to legal requirements around filming or recording customers that enter your store.

Key Tax Time Strategies  

Many Australians own a holiday home, but according to the Australian Taxation Office, there
are a small number of holiday home owners who, on average claim deductions that are six
times higher than income earned from the property.

The fine tuning of Single Touch Payroll is now endeavouring to disguise family violence
leave.

Small business will need to race to beat the cut-off date for the instant asset write-off scheme, says a tax principal at RSM Australia, or become ensnared in “significant red tape” once more onerous rules came back into force.

Firms confront too much information but insufficient practical guidance when it comes to digital lockdown, says COSBOA.