Regular cash flow forecasts help you keep your focus. If you can't reach your targets for income, reining in your costs may give you a little extra headroom to manage cash flow while you plan your next move. 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.
Regular cash flow forecasts help you keep your focus. If you can't reach your targets for income, reining in your costs may give you a little extra headroom to manage cash flow while you plan your next move. Read More…
How to improve your customer experience as a retail business
Did you know that 84% of customers will walk away from a bad online shopping experience? Here’s what you can do to stop those cart abandonments. Read More…
Federal Budget 2026–27 Proposed Tax Changes – Early Summary (Subject to Legislation)
The Federal Budget was handed down on Tuesday night, announcing a number of significant proposed tax changes affecting capital gains tax (CGT), property investment, trusts, and small business. Read More…