Incoming Wage Theft Laws: Victorian Employers Warned.
ATO
  • July 06, 2021

Incoming Wage Theft Laws: Victorian Employers Warned.

A warning has been issued to Victorian employers ahead of new wage theft laws coming into effect from 1 July

The new laws, which made Victoria the first state to criminalise wage theft announced last year, will see employers who withhold a range of entitlements face fines of up to $198,264 for individuals, $991,320 for companies and up to 10 years’ jail time.

XERO Payroll 2021 – Lori Hall talks EOFY
  • June 21, 2021
XERO Payroll 2021 – Lori Hall talks EOFY

Lori Hall from MB+M presents a video outlining what you need to look out for when finalising your Xero Payroll for 2021.

ATO Focusing On Small Business Taxpayers
  • June 10, 2021
ATO Focusing On Small Business Taxpayers

ATO Deputy Commissioner for Small Business Ms Deborah Jenkins has given an address on matters relating to small business taxpayers. Issues discussed include the small business income tax gap, the ATO’s compliance focus for small businesses and how the ATO addresses risks in the small business industry.  Read on for more information

ATO Increasing Emphasis On Debt Recovery
  • May 14, 2021
ATO Increasing Emphasis On Debt Recovery

Taxpayers falling behind on tax debts and lodgement obligations can soon expect contact from the ATO in the wake of JobKeeper ending.

The change in approach comes after the ATO began sending letters to taxpayers in February to warn them of potential sterner action if they failed to make good on their obligations and had refused to get in touch with the Tax Office.

The ATO has stated that from the end of March 2021, where appropriate, penalties will resume.

Your annual activity statement is due soon
  • February 17, 2021
Your annual activity statement is due soon

This reminder comes from the MB+M Compliance team to provide you with a “heads-up” that your PAYG Withholding & BAS Statements are due on 22nd February. They outline what you will need to review before finalising each of these statements. If you have questions, or need some help, then you can contact the Compliance team on 03 5821 9177.

Your PAYG Withholding & BAS Statements are due on 22nd February
Your PAYG Withholding & BAS Statements are due on 22nd February

This reminder comes from the MB+M Compliance team to provide you with a “heads-up” that your PAYG Withholding & BAS Statements are due on 22nd February. They outline what you will need to review before finalising each of these statements. If you have questions, or need some assistance, then you can contact the Compliance team on 03 5821 9177.

Contractor vs. Employee: What’s the Difference?
  • January 25, 2021
Contractor vs. Employee: What’s the Difference?

Choosing the right type of worker is vital in today’s on-demand economy. If you run a business, you need to decide whether to hire independent contractors or employees – or a combination of both. The MB+M Business Services team provides a guide of how to decide on whether to choose a contractor or employee & what you need to know.  

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