March 2016 Federal Budget
Federal Budget 2016 wrap up. The Budget has a few sweeteners, but not so much that will turn anyone hyperactive.T he welcome news is that the turnover threshold for classifying a “small business entity” will increase from $2 million to $10 million.
May 2016 Newsletter
FBT exemptions under the radar. Providing fringe benefits goes hand-in-hand with the task of retaining good and loyal employees as well as attracting new talent for your business. However the types of benefits provided can sometimes relieve the compliance headache
April 2016 Newsletter
Business assets, personal use? Is there a problem with using your company’s assets for yourself? Assets that belong to your business but that are being used for your own benefit or enjoyment can potentially trigger a tax issue known as “Division 7A”.
SuperStream - Important information for Employers
More than 60% of all Australia’s small businesses are already on board with SuperStream. If your business is not one of them, you’ve got 90 days remaining to get it done.
March 2016 Newsletter
Employers: Beware “left- field” FBT liabilities. It is generally understood that for fringe benefits tax (FBT) to apply, the benefits paid are usually in respect of an employment relationship.
February 2016 Newsletter
Got your car log book ready? When claiming for work-related car expenses, many taxpayers miss out on maximising their claim due to inadequate record keeping. But also, failing to maintain a valid car log book can cost taxpayers dearly in a Tax Office audit.
December 2015 Newsletter
Building a new home? Is it exempt from CGT? There is a concession in the CGT rules that can allow a taxpayer to treat a property as their “main residence” even though it does not yet have a habitable dwelling.
