Minimum wage increase from 1 October 2022

Minimum wage increase from 1 October 2022

As a part of the Annual Wage Review (2021-2022), the Expert Panel of the Fair Work Commission decided to increase modern award minimum wages by 4.6 percent subject to a minimum increase for adult award classifications of $40 per week. The $40 per week increase is...
Updates to Key Rates & Thresholds for FY 2023

Updates to Key Rates & Thresholds for FY 2023

Cents per KM – Motor Vehicle The Cents per KM allowance is used when an employee uses their own car for business-related purposes, and they receive a cents per KM to cover costs and expenses (such as registration, fuel, servicing, depreciation and insurance)....
FBT Arrangements and Working from Home

FBT Arrangements and Working from Home

The Australian Tax Office announced on 12 May 2022, that this Financial Year may be the first time some companies are lodging a Fringe Benefits Tax return. This is due to some companies offering payment for items that allow their employees to work from home. Examples...