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Cash flow & COVID-19 – Adapting your budget to your new reality

Daily life has been turned upside down for all of us due to the COVID-19 pandemic and new ways of living, working and connecting have quickly become the norm. Whatever big changes you are adapting to personally, from new working arrangements, to reduced income, unexpected job loss, or the cancellation of long-awaited travel or events; chances are your budget has been upended too. Even though things are changing rapidly, it’s important to take some time to review your cash flow and revise your budget in line with new realities.

Talent Acquisition via Skilled Migration

‘Talent crunch’, ‘brain drain’, ‘war on talent’ – there are many terms being used to describe how technological shifts in the workforce are creating unprecedented demand for new skills. Finding the right talent for existing and especially emerging jobs is a huge priority for Australian organisations and agencies in the current climate of industry 4.0. With demand outstripping supply – particularly for digital skills – organisations need to consider recruitment beyond domestic borders to mobilise the talent they need to prosper both now and into the future.

Why Australia’s Mining Industry Needs Skilled Migration

The demand for workers in the mining sector is at its highest level since the previous boom-time peak in 2013. Australian Resources and Energy Group, AMMA, have projected that 21,000 new workers are required by 2024 due to 57 new projects in the pipeline worth $41 billion. With local talent shortages already apparent and as new projects come to fruition, skilled migration is essential to securing the volume and calibre of talent that businesses need. Take a look at how organisations can harness migration to bridge skill shortages and maintain their competitiveness.

Update on Labour Hire Licensing in Australia

Calls for Labour Hire Licensing arose to stop the exploitation and mistreatment of workers, support legitimate labour hire operators and protect users of labour hire organisations. Pressure has come from Labor government-led states for the Federal Government to introduce a national scheme; however it has maintained the stance that Labour Hire Licensing is a matter for individual states to determine.

Tax Time 2019 – Essential Tips for Independent Professionals

We’re almost half way through the year which means that tax time is once again upon us. June 30th is a key date stuck in the collective mind of most Australians, and the clockwork regularity of tax lodgement can lead to complacency that independent professionals in particular must avoid. Keeping abreast of tax rule changes and being aware of The Australian Tax Office’s (ATO) increasing sophistication in data collection techniques must be incorporated into your preparations on either side of the June 30th 2019 date. Here are some key considerations to ensure you are maximising your tax outcomes:

2019 Federal Budget – What You Need to Know

On Tuesday 2nd April 2019, Treasurer Josh Frydenberg unveiled the Coalition government’s pre-election budget promising a 7.1 billion surplus. Entity Solutions’ Business and Tax division (EBAT) have discussed the impact of these budget changes with our partner, FMD Financial, and have rounded up some key features that will affect independent professionals and businesses

Are You Ready for the New Victoria Labour Hire Licensing Scheme?

A new mandatory labour hire licensing scheme will soon apply to all labour hire providers operating in Victoria. The scheme comes into effect on 29th April 2019 with an enforcement date of 29th October 2019. Understanding how this legislation affects your business is important not only for Victorian labour hire providers, but also for labour hire users who have any workers operating in Victoria. So what do you need to do? Read on to learn the features and expectations of the new legislation and how you can remain compliant as either a provider or a user.

Migration News: Skilled Occupation List Changes

On 11th March 2019, the Department of Home Affairs (DOHA) released a number of additions and changes to its Skilled Occupation list line up. It’s a welcome announcement for skilled professionals hoping to secure an Australian visa, opening up some entirely new avenues and expanding on others.

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