QBCC announces new MFR Policy
Wednesday 17 September 2014
The Queensland Building and Construction Commission, QBCC, has recently announced the new Minimum Financial Requirements (MFR) Policy. The aim of the policy is to promote financially viable businesses within the building and construction industry and foster professional business practices. With a clear message from the QBCC to pay your debts and make sure you maintain your cash flow this article provides an overview of what the policy entails.
Superannuation Guarantee rate freeze - passed by Parliament & extended even further
Monday 15 September 2014
The Government recently passed legislation repealing the Minerals Resource Rent Tax, or "mining tax". Included in that legislation was a further deferral of increases to the rate of the compulsory Superannuation Guarantee (SG) contributions paid by employers. The amended legislation now freezes the SG contribution rate at 9.5% until 30 June 2021. The rate will then increase at 0.5% per year until reaching 12.0% from 1 July 2025. In this article we provide a link to our Superannuation Guarantee fact sheet containing details of the recent changes, as well as tips and traps that all employers should be aware of to ensure you are meeting your SG obligations.
Event: Aged Care Planning Demystified
Join us on 8 October for a presentation that will demystify the changing landscape of Aged Care. This presentation will provide practical insights to break down the complexity of Aged Care and highlight what you need to consider now.
Meet Tim Taylor
Tim is an expert in delivering strategic accounting solutions for a range of specialist businesses and practices having worked in the industry over the past 19 years. Tim’s specialty area lies in the accounting, taxation, structure and financial needs of professionals.
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