|Local Time (LIVE):||1:26 PM|
|Local Currency:||$1 = $1.47|
|Tax Year Dates:||1 July – 30 June|
With one of the worlds largest and most lucrative economies, Australia is an exciting and opportunistic location to do business. It’s also in close proximity to Asian and Pacific economies, and has had a strong period of economic growth. It’s easy to see why many consider it.
Whilst Australia has the appeal of speaking the same language and having a similar culture, it does have its challenges when it comes to doing business. There are three time zones to consider, and extreme weather can disrupt business at certain times of year. However, one of the hidden challenges often not considered is the challenge of Australian payroll and HR.
With tax considerations including Medicare contributions and levy surcharges, it can be an additional stress you don’t need. That’s why FMP Global are here to help take away the added responsibilities and handle the compliance ourselves.