Contractor Newsletter | August 2017

Another financial year over…a new one’s just begun

Another financial year down and it’s now time to wrap it up.

Mid-last month you would have received your payment summary and WRE summary (if applicable) 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.

The 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. Furthermore, the cost of your complex tax return will be substantially subsidised by CXC Global. CXC FP will provide you with a quote before any work is commenced.

Simply login to MyCXC and visit the MyTax tab for further information or to get your return kicked off.

If you’d like more information visit www.cxcfinancialpartners.com.au or call the team on 1300 925 081.

 

Are you following?

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

 

Transferring money overseas? OFX it

When sending money overseas for your business or yourself, we suggest you OFX it! OFX.com are the experts in international payments and offer extremely competitive exchange rates, saving you money on every payment! They also provide rate alerts and hedging tools to assist you in managing the volatility of the foreign exchange market.

By using OFX you will enjoy:

  • Competitive foreign exchange rates across 55 currencies
  • Customer service & online access 24/7
  • Exchange rate certainty with their risk management tools
  • Fee Free transfers over $250
  • Xero integration
  • Access to daily and weekly market commentary

To speak to one of our international payments experts about your needs, please call:

Australia 1300 300 424
United Kingdom +44 845 686 1950
Canada 1800 680 0750
New Zealand 0800 161 868
International Call +61 2 8667 9106

Or Register online here

OFX is trusted by customers all around the world and has grown from 2 employees to over 300 since launch in 1998. In this time, they’ve managed over one million transfers, totalling in excess of AUD $100 billion spanning over 55 currencies in 198 countries.

Register now and as a client of CXC Global you’ll receive two Fee Free transfers today!

 

VISA Reform457 VISA REFORM…deterring foreign skilled workers?

 

In April this year, the federal government announced reforms to the 457 visa program – for temporary skilled workers.

Despite the relatively small size of the program (as a percentage of Australia’s workforce), a blog post recently published by job site indeed.com, suggests that the ‘negative perception of the reforms may prove more harmful than the direct effects of the policy changes themselves.’

Here, we look at what the reform entails, and how the numbers stack up. Read on….

oll: If it sounds too good to be true it probably is…

payroll, workforce managementGiven very recent high profile events in the contractor payroll sector, many clients are revisiting their strategy around how they engage non-permanent workers (commonly referred to as ‘contractors’ or ‘contingent workers’).

I went to write on this subject a number of times now but as the sector is quite complex and very misunderstood, I have found it difficult to figure out where to start…..

 

 


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 Customer Service team is more than happy to help.

The team at CXC Global

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