Attention to detail is paramount when giving tax advice. This was most relevant in a recent case regarding the use of similar terms in the small business CGT concessions. The question was about access to the small business 15-year exemption.
The Australian Taxation Office (ATO) has recently updated its guidance on the employee v contractor classification following several High Court decisions. Read on for our summary of what this means for you and your clients.
It has become increasingly difficult for employers to be certain of their superannuation guarantee (“SG”) obligations. The number of recent Tribunal and Federal case laws dealing with the status of whether a person is an employee or independent contractor for the purposes of the Superannuation Guarantee and their outcomes underscore the increasing risk of employers being liable for historical unpaid super if the person engaged is found to be a deemed employee under the expanded meaning of that term. Read on to find out what it means for employers and employees.
It has been almost a year since the super guarantee (SG) amnesty ended on 7 September 2020. The amnesty provided a window of opportunity for
It is widely understood that the status of a worker as an employee or independent contractor is based on a range of common law tests.
Employers have been obliged to make superannuation guarantee payments since the September quarter 1992. Failure to make any of the payments on time leads
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