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.
As the end of the financial year is fast approaching, now is an important time to ensure your tax affairs are in order. This includes consideration of strategies to help manage your taxation obligations by utilising taxation incentives currently available. Outlined below are tax planning strategies and important reminders for Individuals, Superannuation Funds (and their members), Small Businesses and Investors. The following advice is general in nature and circumstances for each person will differ.