Balance Business Consulting | Accountant

Balance Business Consulting

Phone: +61 433 447 730

Add/Update information

Reviews

Tags

• Businesses
• Accountant
• Financial service
• Business consultant
• Finance

24.01.2022 The Fair Work Commission has announced a 1.75% increase to minimum wages. This will apply to all award wages. Increases to awards will start on 3 different da...tes for different groups of awards. Frontline and essential services get the increase from 1 July, 2020. Manufacturing and construction award wage rates will be increased from 1 November, 2020 and accommodation, food, retail, tourism, and aviation will be increased from 1 February, 2021. For anyone not covered by an award or an agreement, the new national minimum wage (NMW) will be $753.80 per week or $19.84 per hour. The increase to the NMW applies from the first full pay period starting on or after 1 July 2020. We’re working on updating our pay tools with the new allowances and will send an email update to subscribers once they’re available. You can subscribe to email updates and read more about the Fair Work Commission’s decision here: https://www.fairwork.gov.au//the-commission-has-announced-

11.01.2022 The Fair Work Commission has announced a 1.75% increase in the national minimum wage and award minimum wages. This year, the increase in wages is occurring in 3... phases. From the first full pay period starting on or after 1 July, the national minimum wage and minimum wages in 21 awards covering essential services, teachers and childcare, and frontline healthcare and social assistance workers will all increase. Minimum wages under other awards will increase from the first full pay period starting on or after 1 November 2020 and 1 February 2021. You can check when your award will be increased and find the updated pay rates here: https://www.fairwork.gov.au//the-commission-has-announced-

08.01.2022 Some changes have been made to the Australian Government Parental Leave Pay scheme. From 1 July, eligible employees can split their parental leave pay over 2 pe...riods. The first parental leave pay period is a continuous period of up to 12 weeks, accessed within 12 months of the child’s birth or adoption. The new flexible period allows employees to access another 6 weeks (or 30 days) of parental leave pay flexibly over the first two years after the child’s birth or adoption. You can check eligibility requirements for the Parental Leave Pay scheme or make a claim through Centrelink: https://www.servicesaustralia.gov.au//c/parental-leave-pay

08.01.2022 The Australian Taxation Office (ATO) has issued a new alert, warning members of the public about scammers using automated phone calls pretending to be from the ...ATO, as well as other government agencies. Today is End of Financial Year (EOFY) and it’s the perfect time for cyber criminals to send scam emails, sms and make fake phone calls. Criminals claiming to be the Australian Taxation Ofce (ATO) often manipulate incoming telephone numbers to mimic local tax agents numbers. The agency’s warning details how the scammer claims the call recipient’s tax file number has been suspended before asking for personal information and banking details. They then threaten the recipient with arrest if a debt is not paid immediately or that their bank accounts will be closed. They usually demand payment through unusual methods like bitcoin, gift cards and vouchers. Scammers are using technology to make it look like the calls originate from a legitimate phone number by manipulating the caller identification. If in doubt, hang up the phone and call the person back on a known, reputable number. Holden Hill Police Station received a report today where scammers had manipulated the caller ID to show their police station phone number. The ATO advises that their calls do not show a number on caller ID nor do they use pre-recorded messages. The ATO will never request sensitive information via email. Log in to MyGov to view ofcial ATO correspondence. Government agencies will never ask for payment to be made using iTunes or similar gift cards. Police are well aware of these national scams, which unfortunately have been running for some time. If you aren't sure whether an ATO call is legitimate, hang up and phone them on 1800 008 540 to check. The Office of Cyber Security has just released a tax time infographic which give you all the tip and tricks to help you avoid falling victim this tax time. To access infographic and for other Cyber Security prevention advice click on the below link- https://www.sa.gov.au//emergencies-and-saf/cyber-security For more information about verifying or reporting an ATO scammer please visit: https://www.ato.gov.au/G/Online-services/Identity-security/