Posts belonging to Category Government

New Privacy Act in Effect

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Tweet You’ll have probably seen the notifications that the Privacy Act Amendments came into effect 12 March. There are new privacy compliance requirements that you should be aware of if you collect client information. You need to first check whether your business is affected by the changes. From the website: The Privacy Act protects personal […]

Government unveils new loss carry-back tax break

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Tweet Government unveils new loss carry-back tax break, but experts warn most small businesses not eligible.   From Smart Company – note, as with most ‘business breaks’ the government has implemented during its term, this one only applies to businesses registered as a company. That leaves quite a hefty percentage of the estimated 2.8 million […]

Govt Renews Attack on Contractors

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Tweet Politicians lie! Who knew??!! After confirming there would be “no change to PSI legislation”, Bill Shorten has simply implemented what was proposed under the PSI changes by attacking construction industry independent contractors via budget changes which require mandatory transaction reporting. What does this mean? That businesses who hire contractors will be required to report […]