Tax Facts

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Tax Facts

In today’s ever-changing market the complexity in providing the most appropriate Accounting and Tax advice is paramount. Every business in every range of profitability requires financial reporting that can be the basis of their growth and ultimate success. We provide accounting services designed for both the expected and the unexpected, guiding our clients through the full range of tax planning strategies that minimize liabilities. Our expertise, experience, analysis, allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws.

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    Tax Facts - Paid parental leave

    The Paid Parental Leave scheme became available on 1 January 2011. As of 1 July 2011, funds can be advanced to employers so that they can provide Parental Leave pay to their eligible long-term employees. 

    Eligible employees who have newborn or newly adopted children may get 18 weeks of funded pay at the National Minimum Wage. Full-time, part-time, casual, seasonal, contract, and self-employed workers may also be eligible.

    To prepare your business for the Paid Parental Leave scheme, you can register for Centrelink Business Online Services.

    MORE: Click here to learn more about the Paid Parental Leave scheme.