Why accurate leave management is so important
Your business could be at a serious risk of making costly errors if you aren’t managing your leave correctly. Read More…
Dismissing an employee is never easy. It’s a difficult day for the person you are “letting go” and it can also be tough news to deliver. But if you understand and fulfill your obligations, it will make the process easier for everyone and help you stay on the right side of employment law.
The first step is to make sure you’re well prepared. Under the Fair Work Act, any dismissal must be for good reason and the rationale for terminating employment has to be clear, whether it’s for serious misconduct, continued poor performance, or commercial reasons.
Whatever the reason, you must also be committed to fair process, which includes considering the employee’s response and not predetermining the outcome. Once you have established a fair and reasonable argument, you need to consider how serious the poor conduct or performance is and choose the best option to address it:
If you are unsure about any of the steps involved, get expert advice before taking any action.
If you have any questions – do not hesitate to get in touch with your WDF Professional contact. Phone 02 6921 5444 or email accountants@wdf.com.au.
Why accurate leave management is so important
Your business could be at a serious risk of making costly errors if you aren’t managing your leave correctly. Read More…
Deductions denied for ATO interest charges
The ATO can apply a general interest charge (GIC) if an amount of tax or some other liability remains unpaid after the due date. Read More…
Reducing the uncertainty: Financial Forecasting and Planning
Analysing your cashflow statements, profit and loss reports and quarterly management accounts gives you an indication of where you’ve been as a business by using forecasting and scenario-planning, you make it easier to manage your finances and reduce some of the financial uncertainty. Read More…