Sullivan Rees is an experienced, pro-active accounting firm located in Coolangatta (Gold Coast) and TweedHeeds (Tweed Coast). We are trustworthy, friendly and helpful: we understand the obstacles you face everyday in your business, and our accounting services cover every angle to overcome these challenges. Our personal approach means you have the guaranteed stability and continuity of your own advisor assigned to focus on you and your business.
We can help you capitalise on opportunities, and when necessary minimise problems; we are there through the good and the not so good times.
Sometimes the only way to understand a person’s business or financial situation is by meeting face-to-face. All new clients or people looking to speak with an accounting professional are offered an initial consultation with the first hour at no charge. If you have some concerns and wish to take advantage of a confidential personal discussion simply call 07 5536 2111 to arrange a meeting.
The Fair Work Commission has increased the high income threshold for unfair dismissals from $136,700 to $138,900 per annum, with effect from 1 July 2016.
Under the Fair Work Act 2009, employees who exceed earnings above the high income threshold are not entitled to make an unfair dismissal claim against their employer, unless they are covered by an award or enterprise agreement.
The Fair Work Act 2009 deems an employee’s annual rate of earnings as employee wages, any amounts applied or dealt with on the employee’s behalf, such as salary sacrificing, and the agreed value of any non-monetary benefits i.e. a car, mobile phone, laptop, etc.
Reimbursements, superannuation contributions and payments which cannot be determined in advance, such as overtime and bonuses, are not considered when calculating the high income threshold. Employees are eligible to claim for unfair dismissal if they have completed the minimum employment period of:
• 12 months – where the employer employs fewer than 15 people, or
• 6 months – where the employer employs more than 15 people.
When considering an employee’s dismissal, employers need to be aware of the new threshold and whether a modern award or enterprise agreement applies to an employee. Small business owners must comply with the Small Business Fair Dismissal Code to ensure they have grounds to object an unfair dismissal application, in the case where a matter goes to a hearing.