Archive for category: Blog

Another Financial year has come and gone.

Have you found yourself needing to prepare your Tax Return and financials and don’t know where to Start?

Well we can help you with our end of Financial year special.

Simply give us your receipts, invoices and bank statements and we will have your accounts in order ready to present to your accountant before the due lodgment dates.

In addition, we are offering three months free subscription to MYOB Accounting Software, we will set you your bookkeeping so that keeping your accounts are always up to date and guarantee they will no longer cause you any stress.

Feel free to call us for a no obligation free consultation.

Long service leave changes make it fairer for employees

The Victorian Government has made significant changes to long service leave, making it fairer and more flexible for women, parents and carers.

The new Long Service Leave Act has been passed by the Victorian Parliament, which now means that any period of paid parental leave and up to 12 months of unpaid parental leave will count as service.

No amount of parental leave will break continuity of service.

The laws will also allow workers to apply for leave after seven years’ service – as soon as long service leave entitlements begin accruing – rather than after 10 years.

Previous long service leave laws treated parental leave less favourably than all other forms of leave.

If an employee took more than 12 months unpaid parental leave they lost continuity of service and any accrued long service leave entitlements.

This disproportionately affected women who often took caring responsibilities. It also penalised parents for spending more time at home when their children were born.

The new laws will come into effect by November this year.

Get set for a 3.5% increase to base rates of pay

The Fair Work Commission has announced a 3.5% increase to minimum wages following its 2018 Annual Wage Review. The increase will apply to base rates of pay from the first full pay period starting on or after 1 July 2018.

The new national minimum wage will be $719.20 per week or $18.93 per hour.

What do I need to do?

Nothing for now. We’re working on updating our pay tools with the new pay rates. It usually takes the Commission 2-3 weeks to update the pay rates in each award. We’ll send you an email when the updated pay rates are available.

Who does the increase apply to?

The change only applies to employees that get their pay rates from the national minimum wage, a modern award or in some cases a registered agreement.

Find out more

Annual Wage Review Decision

Fair Work Commission – Annual Wage Review 2018