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Latest News from Accru Melbourne
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Given record low interest rates – is it a good time to fix my loan?
Interest Rates are at record-low levels. Should I fix my loan? Global economists agree: The COVID-19 pandemic represents the largest economic shock to the world economy in decades. Released in early June, the World Bank’s Global Economic Prospects envisions a 5.2 per cent contraction in global Gross Domestic Product (GDP) in 2020. It reflects what […]
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Minimum wage to increase by $13 a week but businesses get some relief with staggered increases being applied!
Annual Wage Review decision made. The Fair Work Commission handed down its Annual Wage Review decision late last week and from 1 July, the national minimum wage will be increased by 1.75%. The new minimum hourly wage will be $19.84 (or $753.80 per week). This equates to an increase of 35 cents per hour or […]
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6 key changes for Tax Planning 2020
Preparing for tax time 2020. Time has been flying by and there is news changing daily around the pandemic. We’ve all been preoccupied with stimulus updates and keeping informed on what to do for our health, our business and our finances – but suddenly 30 June is just around the corner and it’s time to […]
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Accru Tax Alert – June 2020
Taxation Developments Take a look at our snapshot of taxation developments that may affect your business, investments or superannuation. Please get in touch if you need our help. Read More
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Do Aged Care Bed Licences have a value?
Lower profits and more scrutiny in the industry has heightened compliance. The Aged Care industry has seen no shortage of media attention recently with the Royal Commission being established and reports surfacing that many organisations believe there is inadequate funding to support the growing ageing population in Australia. Lower profits and more scrutiny in the […]
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A State of Flux – Current and Upcoming Changes to the Income Protection Market
Updates to Income Protection Policies As previously touched on in our last insurance article (February 2020), there were some significant earmarked changes coming into effect in the near term to the Income Protection (IP) market. In order to maintain a viable and prosperous market into the future so all Australians could, if they wished, protect […]
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COVID-19 – Impacts on Fringe Benefits Tax (FBT)
Income tax law changes due to employees working from home. COVID-19 has accelerated the working from home movement for many businesses fortunate enough to be able to work through the pandemic. What was once an option for certain people that comes under the umbrella of flexible work policies has suddenly become the norm for the […]
