May 2021 Newsletter

 

Wage theft" criminalised in Queensland and Victoria ... and similar plans for the rest of Australia

On 14 September 2020 the Queensland Parliament passed the Criminal Code and other Legislation (Wage Theft) Amendment Act 2020 (Qld), which amends the Queensland Criminal Code to enable wage theft to be treated the same as other forms of stealing, with employers who intentionally underpay their employees now exposed to a criminal penalty of up to ten years' imprisonment.

Has COVID-19 devalued your business?

If you are selling your business, merging, acquiring, or inviting in new investors, you need to understand the value of your business.  But, to what degree does the pandemic impact on value?

JobKeeper Alert

With the employee test date for JobKeeper moved to 1 July 2020, some additional employees might have become eligible for Jobkeeper.

Question of the month

My business received a grant from the State Government.  Do I pay tax on it?

Forecasting during a pandemic

Now, more than ever, business operators should have a plan in place to manage during uncertain times.

Quote of the month

"Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible."  Francis of Assisi


The material and contents provided in this publication are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information alone. If expert assistance is required, professional advice should be obtained.