With the fringe benefits tax (FBT) year-end just around the corner, it is a good time to review your FBT compliance to avoid raising attention from the Australian Tax Office (ATO).
Read More
Unless you are in the business of rental property investing, most residential rental property investors can no longer claim a deduction for travel costs...
Read More
The Australian Tax Office (ATO) is targeting privately owned and wealthy groups that display specific behaviours and characteristics in relation to their tax affairs and lifestyle.
Read More
We would like to take this opportunity to wish all our clients and their families a very happy festive season.
We will be taking a short break over the Christmas period; closing on Friday, 22nd December at 12.30pm and we will re-open at 8.30am on Monday, 8th January, 2018.
Read MoreThere’s no better time than the new year to transform your office into an ecological, environmentally-friendly space.
Read MoreKnowing the value of your business is critical, especially nearing the end of the year. It allows you to enter the new year with an informed understanding of the business’ worth and potential.
Read MoreThe holiday season is a time in which many employers look to thank their employees for their hard work throughout the year.
Employers will often plan a work Christmas party, or decide to give their staff a Christmas gift to show their appreciation.
Read MoreThe ATO has published a Practical Compliance Guideline PCG 2017/13 for those who used a 7-year sub-trust arrangement to deal with unpaid present entitlements (UPE) owed by a family trust to a related entity.
Read MoreThe holiday season often means closing down the office for a week or two, but before doing so; carefully consider the most appropriate and harmonious way to do this.
Read MoreThe festive season often presents a time of increased sales for small businesses.
Proactively seeking out seasonal opportunities can help to boost not only your sales but your business’ customer base.
Read MoreThe end of the year is the perfect time to catch up on administration tasks that have fallen to the wayside throughout the year.
Read MoreThe annual work Christmas party is a much-anticipated event; a chance to celebrate the year’s achievements with colleagues and forget about work for a night.
Read MoreIn its effort to facilitate a fair business environment, the ATO has offered continued support for honest businesses.
Read MoreThe ATO is warning Australian taxpayers to be careful with their personal information.
Read MoreSmall business owners deal with many issues on a daily basis. Between managing staff, suppliers and customers, running a business can be quite stressful.
Read MoreThe ATO is reminding those who work in the sharing economy to be aware of their tax obligations.
Read MoreYes the silly season is almost upon us and while Christmas parties provide you with an opportunity to celebrate the year’s achievements with your staff, it’s also not called the silly season without a reason.
Read More
Small businesses with a turnover of less than $10 million from 1 July 2016 can write-off assets costing less than $20,000 each up until 30 June 2018.
Read More
The Tax Office is reminding individuals that they can only claim a work-related deduction if:
- they have spent the money themselves and were not reimbursed
- it is directly related to earning their income
- there is a record to prove it.
Occasionally, business owners will need to make changes to their net GST liability for any given reporting period.
Read More