Our feature article this edition is also our client profile. RemiPeople is an Adelaide based business who has developed an automated recruitment application designed to help business’ select the best candidates for the role by eliminating bias from the screening process.
We provide some detail on the recent legislative changes placing further restrictions on small business companies hoping to qualify for the 27.5% reduced company tax rate. Companies with assessable income comprising more than 80% passive (i.e. non-business) income will miss out on the concession.
We revisit super guarantee with a reminder of your obligations as an employer, and a warning on the penalties for “getting it wrong”. With additional funding from the Government, the ATO have recently increased their review and audit work in this area.
We hope you and this edition of InFocus an interesting read. Thank you all for your continued support of CMS throughout the 2017 year. We wish you and your families a very Merry Christmas and all the success and happiness for the New Year ahead.