NEWS – FROM THE PRINCIPAL
Do you have a family trust?
A family trust holds assets for the benefit of others. They are typically used by families to hold business interests or other assets for the benefit of the parents, children and grandchildren (known as the Beneficiaries). A company is typically established to be the...
It’s FBT time! What do you need to know?
FBT (also known as Fringe Benefits Tax) is a separate tax that employers pay in certain situations. Unlike income tax, the FBT tax year runs from 1 April – 31 March each year. That means you need to get ready to lodge your FBT return very soon. But what is FBT? Fringe...
5 Simple tips to control your business expenses
Whether it’s at home or at work, the reality is everything costs more. For business owners, higher costs mean lower profits unless you keep careful watch over your expenses. But how do you do that? Simply follow our 5 tips or get in touch with us and we’ll help you....
Sales = Business revenue so how do you set realistic sales targets in uncertain economic times
It’s turbulent times for business owners and no-one is really sure what to expect in 2023. But one thing we can rely on, businesses who plan and monitor results are more likely to succeed than businesses who simply go with the flow. As accountants, we believe in the...
How to give your staff and clients Christmas presents with tax deductible benefits
As they say, Christmas is the time for giving but as a business owner, can you claim any of those gifts as a tax deduction? Here’s an overview to help you but for accurate advice before you buy, get in touch with us. Which gifts are NOT tax deductible? Gifts for your...
Can I claim a tax deduction for my staff Christmas party?
Around this time of year, many businesses start thinking about the staff Christmas party and come June, they wonder if they can claim it as a tax deduction. So here’s the scoop on the tax implications of having a Christmas party this year. The short answer is, the...
End Of Jobkeeper
With the end of JobKeeper looming in the ever-nearing future, business owners are starting to stress about what this could really mean for their business and if they are ready or financially able to lose the support. JobKeeper came at a time when lockdowns, isolating...
What Is FBT And What You Need To Know
Is your organisation providing your employees with additional perks? Paying for your employee’s gym membership, providing a car for personal use or simply providing entertainment by way of food, drink or recreation, may incur a cost to your business by way of the...
5 Tips On Effective Debt Management
There are many different types of debt out there and it is likely that you have owed money in your lifetime. This can be anything from a HECS debt or student loans, a mortgage, car loans or credit card debt. Australians are always accumulating debt, with research...
Festive Season Tax Deductions – What You Need To Know
With the festive season almost upon us, have you considered how your Christmas spending may affect your tax? You might be planning to reward your employees with gifts or a Christmas party for their hard work throughout the year, so it’s important to understand how...
