Posts

Resources to navigate fringe benefits at tax time

Get ready for fringe benefits tax time

The 2022 fringe benefits tax (FBT) year ends on 31 March 2022, so it’s a good time to start considering what you need to do to lodge and pay your FBT.

Employers will need to work out if you have an FBT liability for fringe benefits you’ve provided to […]

Business sustainability

Is sustainability good for business?

According to a study commissioned by Xero, 68% of small businesses want to improve their sustainability practices.

But, the question is: How is sustainability specifically good for business?

What does sustainability in business mean?

Harvard Business Review defines sustainable business practises as those that:

at a minimum, do […]

7 Ways Leaders Inspire Change (in Challenging Times)

Humans are adaptable. That’s how we’ve survived for a long time!

No surprises, then, that people have quickly responded to COVID-imposed changes, like complying with lockdowns, wearing masks or working from home. However, sustaining these changes for a long time is much more challenging.

The problem gets more complex because we don’t know how long we […]

Stapled super fund details start November

Request stapled super fund details for employees

What you need to do from 1 November 2021

From 1 November 2021, if you have new employees start, you may have an extra step to take to comply with choice of fund rules if they don’t choose a super fund. You may now need to request their […]

Get your business match fit as lockdowns lift

Each business is unique and faces its own set of challenges

Throughout the pandemic, here at Salisburys we have focussed on supporting our clients as they have navigated their way through the challenges and issues we have all had to face to varying degrees over the past 18 months.

Throughout these conversations, there were […]

Extra ‘super’ step when hiring new employees

Stapled super funds

Most new employees are eligible to choose the super fund into which employers pay their super guarantee contributions.

Currently, when a new employee doesn’t choose their own super fund, the employer must pay super contributions into their default fund.

From 1 November, if any new employees start, the employer may have an […]

STP Phase 2 Starts January 2022

Learn what STP Phase 2 means for employers

Single Touch Payroll (STP) Phase 2 reporting starts 1 January 2022.

If you employ staff, you’ll need to be ready for this change.

If your business uses Xero, it will be compliant.

If not — or you know someone who is not — there’s time to start thinking […]

Single Touch Payroll (STP) Phase 2 reporting

Learn about what STP Phase 2 means for you

Single Touch Payroll (STP) Phase 2 reporting starts 1 January 2022.

If you employ staff, you’ll need to be ready for this change.

New guidelines that explain the changes are now available to help.

STP Phase 2 reporting means changes to the way you report:

amounts paid […]

NSW 2021 COVID-19 micro-business grant

2021 COVID-19 micro-business grant

Applications close 18 October 2021

If you’re a micro-business (small business, sole trader or not-for-profit organisation with aggregated annual turnover between $30,000 and $75,000) impacted by the recent COVID-19 restrictions, you may be eligible to apply for a fortnightly payment of $1,500 to cover business expenses for the duration of the Greater […]

How business owners can win and keep the right talent

Many small business owners remain optimistic about a new financial year

Despite this, the ongoing uncertainty around COVID-19 has resulted in an unstable economy, with the impact on the job market hard to predict.

In fact, Xero research revealed that almost half of small and medium business owners believe small businesses will be key […]