In exciting news for the staff of many of our clients, the NSW Government last week passed legislation to introduce portable long service leave (LSL) for community services workers in NSW. This follows Queensland, the ACT, and Victoria, who have had similar schemes successfully in place for a number of years. The scheme will allow community sector workers [...]
Earlier this month, the Fair Work Commission announced its decision to increase National Minimum and Award wages by 3.75%. This includes the Awards common across our client base, such as SCHADS and the Children’s Services Award. The increase applies from the first full pay period starting on, or after, 1 July 2024. The new National Minimum [...]
The Purpose team sometimes fields queries about the application of GST to grants, where a non-profit runs its own grant-giving program. These may be devolved Government grants, or they may be funded through donations received by the org. In these cases, what is the GST treatment on the grant? Has the definition of a ‘supply’ been [...]
Purpose has fielded a few queries regarding superannuation obligations, and the definition of employees vs contractors. Below we share some of our recent advice on these topics… Q: My organisation is unsure what our super obligations are for contractors – can you help? A: This issue needs a judgement from your organisation based on the rights and obligations [...]
We are seeing more and more client organisations choosing to provide generous paid parental leave (PPL) entitlements, on top of the statutory payment. This has driven several questions in relation to the costing and accounting treatment of paid parental leave provisions. Here are some of our thoughts... Even if an org has introduced a formal [...]
The Australian Bookkeepers Network (ABN) recently advised members that the ATO has increased its focus on GST compliance and BAS. The expectation is that tax agents can expect a surge in audits. Director of the ABN, Peter Thorp, highlighted the essential role of Bookkeepers in the audit process and gave some tips on how Bookkeepers can prepare [...]
We were recently asked a great question by a client - why, in some months, does the working capital ratio improve, while the current ratio declines? Both are measures of balance sheet health, so why aren't they moving in the same direction? Let’s look at an example. In the graph pictured, December was a strong surplus [...]
Our non-profit clients in the environmental and arts sectors welcomed recent news that the administration of their Deductible Gift Recipient (DGR) status will be transitioning to the ATO. The changes are part of the DGR Reform program. To date, the ATO has administered 48 of the 52 categories under which an organisation may be eligible for [...]
In welcome news for affected community orgs, the NSW Government announced that, from 1 July, 5.75% indexation will apply to community services grants in the Health and Communities and Justice portfolios. This covers domestic and family violence services; community mental health services; homelessness services, neighbourhood centres, and child and family services in NSW. While this is great news for the [...]
Following the Annual Wage Review 2023, the Fair Work Commission announced a significant 5.75% increase to Award wages. In the media that followed, unions seemed to be happier than employer groups. Increases apply from the first full pay period starting on or after 1 July 2023. At the same time, the superannuation guarantee rate will [...]
