Key Dates to Remember – August 2022

Key Dates to Remember – August 2022

!While lodgement days are important, so are the Public holidays. Make sure that you are applying penalty rates for your award covered employees! For more ATO lodgement dates, check out their comprehensive calendar...
Proof of Identity Requirements

Proof of Identity Requirements

The Australian Taxation Office and Tax Practitioners Board (TPB) are placing an increasing emphasis on the importance of Tax Agents and BAS Agents verifying the identity of their clients. This has stemmed not only from the increasing incidence of identity theft and...
Minimum Wage Increase

Minimum Wage Increase

On 15 June 2022, the Fair Work Commission ordered a 5.2% wage increase to the national minimum wage. The new national minimum wage will be $812.60 per week or $21.38 per hour, an increase of $40.00 per week or $1.05 per hour. For employees covered by a modern award,...
Goodbye 2022 Financial Year

Goodbye 2022 Financial Year

.As the 2022 financial year comes to a close, now is the time to complete some of the yearly tasks you need to do as a small/medium business owner. These may include: Conducting a stocktake Collating records of asset purchases or expenditure on improvements (to...
What’s happening @ DFM

What’s happening @ DFM

Have you checked out our new Website, Linkedin and Facebook pages? DynamicFM has had a facelift and we LOVE it.  NEW Dynamic colours! NEW Dynamic logo! SAME Dynamic team, here to assist with all your business accounting needs.  Contact us at...
Superannuation Changes July 2022

Superannuation Changes July 2022

As employers, you are no stranger to paying Superannuation Guarantee (SG) on your salaries & wages. Here are the key changes which come into effect from 1 July 2022. There are big penalties if you get it wrong! The SG rate increases from 10% to 10.5% Employers...