Employees vs contractors: more clarity coming
For many businesses, the line between employees and contractors is becoming increasingly blurred, partly due to the rise of the gig economy. However, businesses should be careful, as incorrectly classifying employees as contractors may be illegal and expose the business to various penalties and charges.
Support for flood-ravaged areas
The recent devastating flooding in South East Queensland and parts of New South Wales has left many people homeless, caused vast amounts of property damage and has sadly led to loss of life. While the clean-up effort continues in many areas, there is some immediate financial help available for those affected, including the Disaster Recovery Payment and Disaster Recovery Allowance.
Personal tax rates unchanged for 2022–2023
In the Budget, the Government did not announce any personal tax rates changes. The Stage 3 tax changes commence from 1 July 2024, as previously legislated.
After 34 ½ years full-time in the Accounting Profession and 25 ½ years in full-time Practice from 1 July 2021 John Halys will be semi-retiring to enjoy life post full-time employment. For those who know John well you could say that he is taking his own advice.
Emma is buying John out of the partnership and the subsequently there will be a change in the business name to Emma Sells & Associates.