January - 2021

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What to Expect from ATO Risk Reviews and Audits

What to Expect from ATO Risk Reviews and Audits

ATO audits can happen any time to a business, but now with JobKeeper, early release of super and COVID-19 cashflow boost payments, the ATO will be reviewing and auditing a lot more businesses in the future. The ATO will usually conduct a risk review initially, to determine if there are compliance issues that warrant a full audit process. Often the risk review process allows issues to be resolved quickly and simply without the need for a full audit. If an audit is instigated,

Contractor or Employee – What You Need to Know

Contractor or Employee – What You Need to Know

What is the difference between a contractor and an employee and whose responsibility is it to get right? An employee works in the business and is integral to that business has rights and entitlements under the Fair Work Act 2009 has a reasonable expectation of ongoing work, agreed hours and duties is covered by the employer’s workers compensation insurance is paid superannuation guarantee. A contractor is actively running and advertising their own business is responsible for

Providing Disaster Relief for Australian Bushfires

Australia is in the midst of an unprecedented fire season that has affected millions of acres, destroyed thousands of structures, and claimed dozens of human lives. The so unique Australian wildlife is affected even worse with a preliminary estimate suggesting that almost a billion wild animals are affected.

At Grand Financial solutions we are supporting all those affected by the bushfires through our Making An Impact program. When you choose to do business with us we will make a donation on your behalf. You will plant one tree to restore the unique Australian flora and the rest will be split equally between helping restore affected communities through BlazeAid and treating injured wildlife with the help of the Australia Zoo Wildlife Warriors.

Together we can make a difference.

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