Contractor Newsletter | Aug 2018

The 2017/18 Financial Year is done. Now what?

Another financial year has come to an end and its time to get your taxes in order.

Mid-last month you would have received your payment summary from us. It’s now time to complete your tax return, if you haven’t already done so…don’t worry we’ve made it easy for you.

You may even be eligible to have it completed for FREE.

Your tax return will be processed by highly qualified and experienced accountants at CXC Financial Partners (CXC FP). The team at CXC FP specialise in working with contractors and understand your unique needs and tax planning opportunities.

Our accountants love complexity, so if your tax affairs are more complex, we are here to assist.

To get started with CXC FP

Completing your tax return has never been so easy!

You can initiate your return directly with CXC FP via the secure resources tab here. Simply complete the quick online tax return questionnaire to initiate your return.

Once received, we will draft your return and have one of our tax experts call you to run through all possible deductions to ensure your tax is legally minimised.

If you have any other questions about the end of financial year process simply contact the Client Solutions Team on 1300 724 082 or email clientsolutions@cxcglobal.com.au.

If you like advice on your situation or if you’d like to speak with CXC Financial Partners about your tax return please contact the team on 1300 925 081 or email taxservices@cxcfp.com.au.

 

Our Head Office has a new home

Our team  in Sydney is expanding, and so we’re on the move!

From Monday 23 July, you’ll find CXC Global’s head office across the Harbour Bridge in North Sydney. But rest assured, it’s business as usual. Our back-office teams aren’t affected, and there’ll be no change to our payroll schedule so you won’t notice any difference.

We do ask you though, to please take note of our new address and update your records.

CXC Global
Level 3, 99 Walker Street
North Sydney, NSW, 2060

Please also note, our phone numbers and other contact details aren’t affected.

If you have any queries about our move, please don’t hesitate to get in touch on 1300 724 082.

 

Connect with us

Have you checked out our Twitter feed lately? You’ll find the latest contingent workforce news, industry trends, employer perspectives – and HEAPS more – from the CXC Global blog and the best industry sources available! You can follow us here. You’re welcome 🙂

 

 

[Modern Workforce News]: Latest from the Labour Market

Today, we’re excited to introduce you to a new content series here at the CXC Global blog, where we’ll be covering topical issues of the day relating to labour lawsworkforce trends and issues affecting the labour market. Our focus will be largely on contingent and ‘non-traditional’ worker categories, and the new industries, technologies and legislative changes that have arisen in the modern workforce.

This will be a regular feature on the blog so make sure you bookmark us, so you’re always across trending topics of the day, on labour activity in Australia. Or, click here & sign up to receive our monthly blog round-up.

First up, the latest news on sham contracting, the gig economy, and vulnerable worker protections – three scenarios that are deeply interrelated.

Read more

 

Contingent Working: Changing Attitudes of Workers…

I read a report recently, from the Australia Institute’s Centre for Future Work. And yes, my focus is squarely on contingent working. Through the analysis of ABS data, they’ve come up with a new term to describe the changing dynamic of ‘work’ in Australia.

‘Insecure work’ is the label I speak of. It describes those workers in Australia who have chosen (or not) to work contract, gig or contingent, for another individual or organisation.

The report tells us that for the first time in recorded history, less than half of Australia’s working population have a permanent full-time job. The remaining workers, those lumped in the ‘insecure work’ category are, according to the report, missing out on benefits like paid holidays, super, sick leave and other entitlements.

In the five years to 2017, paid full-time employment (i.e. those with leave & other entitlements) dropped to 49.97%. Part-time work rose to 31.7% of employment – the highest ever – with the rest of the workforce made up of self-employed, casual workers and those deemed ‘underemployed’.

One of the noted fears of this dynamic, is that for the younger generation entering the workforce. A ‘precarious labour market’ despite the highest educational attainment over any previous group of Australians, is the message here.

And it’s here that I have an issue.

Read more

 

Corporate Traveller & Tavel Club

Have you signed up with business travel specialists, Corporate Traveller yet?

Open to all Australian and New Zealand CXC Global contractors, Corporate Traveller gives you access to benefits such as cost savings through discounts on airfares, accommodation and car hire plus online booking and a handy mobile app.

PLUS you’ll have access to Travel Club; giving you access to amazing travel benefits such as handpicked exclusive deals, 10% off travel insurance, discounted airline lounge memberships, and no service fees – plus your own leisure travel expert dedicated to customising your dream holiday.

Next Step: We encourage you all to register on the Corporate Traveller Portal and Travel Club Portal today (some really simple instructions can be found here).

 

Whatever the reason for your international money transfer, our friends at OFX can help

OFX is an Australian company that was established in 1998 as a smarter online alternative to existing foreign exchange services. Focused on assisting individuals and business customers, our international payments service is safe, simple to use and provides significant cost savings.

All CXC Global contractors will enjoy:

  • $0 transaction fees on ALL transfers^
  • Highly competitive foreign exchange rates across 55 currencies 24/7
  • Telephone & online support to book your transfer

Register at www.ofx.com/?pid=76

 

Send an email of introduction to your Alliance Manager albert.ton@ofx.com

^Min transfer AUD$250 or currency equivalent. *As at 24 April 2018 13:04 (AEST). This amount is calculated using our Customer Rate compared to the customer rates of the banks listed above on their official websites. Fees and transaction costs excluded. Exchange rates are volatile. Quoted savings are not indicative of future savings. OzForex Limited trading as “OFX”. ABN 65 092 375 703; AFSL 226 484. This information has been prepared without taking into account the investment objectives, financial situation and particular needs of any particular person. OFX and its subsidiaries make no recommendations as to the merits of any financial product referred to in this document. Please read our Product Disclosure Statement and our Financial Services Guide. OFX is regulated in Australia by ASIC.

That’s a wrap for the August CXC Global Contractor Newsletter. Let us know if there is anything you would like us to cover in the next edition. We’d love to hear from you.

And don’t forget, if you need to get in touch with us for any service or pay related matter our Client Solutions team is more than happy to help.

The team at CXC Global

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