Victorian State Budget 2021-22

Victorian Treasurer, Tim Pallas, handed down the State budget on Thursday 20 May, which included a raft of tax changes that will impact a number of Victorian businesses. Payroll Tax Increase in the payroll tax threshold An increase in the tax-free threshold for payroll tax from $650,000 to $700,000 will be brought forward to 1 July 2021.  The Victorian Government estimates that approximately 500 businesses will no longer be liable…  Read more

Creating your business to-do list

When you’re an entrepreneur, your to-do list is often long and constantly growing longer. There are an overwhelming number of things you need to do, and it can feel like they’re all urgent. In such cases, it’s easy to push important tasks to the side and focus on less-vital activities, but that often means you miss deadlines, make mistakes or always feel as though you’re trying to catch up. Here…  Read more

Important Change for Employers: Superannuation Guarantee increasing to 10% on 1 July 2021

A Quick Overview The Superannuation Guarantee (SG) is scheduled to increase to 10% from 1 July 2021. If you have employees, you need to be ready for this legislated increase. What is Superannuation Guarantee? The Superannuation Guarantee is the minimum super an employer must pay to their employees super fund. The current SG percentage rate is 9.5% of employees Ordinary Time Earnings, but this is changing. Ordinary Time Earnings or…  Read more

Main Causes of Stress for Building & Construction Business Owners & How to Counter Them

Many building & construction business owners believe that hard work and dogged determination are all it takes to build and sustain a successful business. But when you consider the pressures of running a company, it seems wise to add effective stress-management to the list. Left unchecked, stress can erode your passion and undermine performance – not to mention, take a serious toll on your health. Research compiled by Office Vibe…  Read more

Tax tips for new building & construction business owners

Do you want to avoid paying more than you should come tax time? Or a frantic last minute search for missing financial records? New building & construction business owners have a lot on their plate and can easily lose track of an approaching tax deadline or financial data needed to submit their return. Organisation is key when preparing for tax time. As is taking advantage of the many tools and resources…  Read more

Client Focus: View Bank Homes

View Bank Homes is a family owned and operated business delivering architecturally designed homes in the communities of Melbourne’s North. Having started as a humble small business View Bank Homes has grown over thirty years to become one of Australia’s most trusted boutique residential property developers. View Bank focuses on building homes in close proximity to amenities, public transport and schools in both well-established and up-and-coming suburbs. They aim to…  Read more

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