Making sense of workers' compensation is a webinar aimed at small businesses.

In just 20 minutes you can find out why WorkCover insurance is so important, and how it protects your business and your workers.

A copy of the recording is available here.

Our workers' compensation accident insurance policy renewal season starts on 1 July.

We've outlined three steps to help employers declare their wages so they can have peace of mind that their workers and business are covered when they renew their policy from 1 July. 

Find out more here.

WorkCover Connect, the online service for Queensland businesses to manage workers’ compensation, is about to get even better.

From 4 July you can create task reminders, contacts and file notes, save your own resource tools, plus access new reports and analytics to help your business.
Login or register here.

Are you thinking about buying assets to help your small business grow? Now is the time to buy! If you use the simplified depreciation rules you use the $20,000 write-off threshold.

Simplified depreciation rules can get a bit tricky, so here's how to get it right and make sure you claim everything you're entitled to.

1. If you buy assets that cost less than $20,000 claim each of them in full as a deduction in your tax return at the end of the year.

2. For assets that cost $20,000 or more group them into what is called a small business pool.  
    - In your tax returns claim 15% of the pool in the first year then 30% of the pool each year after that, as a depreciation deduction.
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3. If the balance of your small business pool falls  (before you deduct the 15% or 30%) claim this amount in full as a deduction in your tax return at the end of the year.

The ATO has updated their information on simplified depreciation to make it easier for you to understand and know what assets are eligible; see the link below to continue reading.

​Find out more: Simpler depreciation for small business.

If you run a small business that has 19 or fewer employees, you have until 30 June 2016 to start using SuperStream.

With SuperStream you will only need to make one electronic transaction to cover all your employees' super contributions. It's easier and will save you time.

The ATO is running free webinars to help you learn about SuperStream and understand your options. To ensure all employers have an opportunity to attend one of these webinars, the ATO is scheduling more, including on weekends. The ATO will continue to schedule extra webinars as they book out.

Find out more by using the SuperStream employer step by step checklist.

You may think that your workers are contractors because they invoice you – but this is a myth.

​Receiving an invoice from a worker is not a deciding factor on whether they’re an employee or contractor. You need to consider the whole working arrangement so that you are clear on your tax and super responsibilities for them.

So how do you get it right with your workers?

• Employee/contractor decision tool 

Use the ATO's Employee/contractor decision tool to get a quick and reliable answer. The tool will tell you if your worker is an employee or contractor for tax and super purposes and what this means for your business.

• Webinar

Register for the ATO's free Employee or contractor webinar to help you understand your obligations in more detail – the sessions are interactive if you have questions you’d like to ask.

Find out about:
Employee or contractor

Don't forget that new rules will soon apply to sales of taxable Australian real property with a market value of $2 million or more.

A 10% non-final withholding tax will be incurred for all contracts entered into on or after 1 July 2016, unless a clearance certificate or variation certificate is obtained.

If you are selling real property with a market value of $2 million or more and you are:

• an Australian resident vendor, you can avoid the 10% withholding by providing a clearance certificate to the purchaser prior to settlement
• a foreign resident vendor, you may apply for a variation of the withholding.

Please contact us if you feel you may be needing assistance with this matter. ​

With the end of financial year fast approaching, this one-hour webinar is a timely reminder for employers about your end of year tax obligations.

You can find out about:

• getting ready
• key dates
• tips to help get it right.

Booking your spot is easy. Find the session you’re interested in and click on your preferred date and time. You’ll be taken to our service provider page (Redback) to finalise your booking.

​Click here to find a day and time that suits you.