For many small business owners and managers, the idea of workforce planning may be a little intimidating but workforce planning doesn’t need to be corporate, complex or cold. The reality is quite different and is just as important for a smaller business as it is for a big business – possibly even more important! In large organisations, you always have someone to cover a role and more than one person with the skills but in a SME life isn’t like that. We all have to wear multiple hats and often we are the only person with the qualifications for our role. In a SME it’s critical to have the right people with the right skills.
When hiring people into your business one of the most critical pieces of the process is ensuring you have a written employment contract. The relationship between employee and employer is fundamentally contractual, and all employees and contractors should have the correct employment agreement in place. The employee will also be covered by National Employment Standards and the relevant award for their role, however the benefit of having an individualised agreement means you can outline specific relevant terms not covered by the Fair Work Act.
As of the 15th July 2022, full time, part time and casual employees covered by the Aboriginal and Torres Strait Islander Health Services Award; Aged Care Award; Ambulance and Patient Transport Award; Health Professionals and Support Services Award; Social, Community, Home Care and Disability Services Award; or Supported Employment Services Award can again access to 2 weeks’ unpaid pandemic leave. This leave is available immediately to all employees who are required to self-isolate. It does not need to be accrued first and employees do not need to use all their paid leave before accessing it.
For many of us working from home has continued to be a significant part of work life during financial year 2021-2022. Many employees don’t know they can claim a deduction for working from home expenses. Helping employees make the most of their tax return is a great way to set yourself apart as an employer who cares. There are three ways to calculate a claim. Employees should choose the one that helps them achieve the best return
As a SME preparing for your tax return is an important part of the EOFY processes. If your business has invested in your employee’s development, protected the team with COVID and health related purchases, provided re-imbursement for travel and car expenses it is important to capture that investment in your tax return.
However, if your business has requested that employees claim this back as individuals it is important to remind them of the boundaries.