How can major assets save you tax?
Are you ready for the end of the financial year? As accountants, we’re in the business of helping people so we decided to
With another FBT year gone how has COVID-19 affected the tax and employee benefits?
Fringe benefits tax (FBT) is one of Australia’s most disliked taxes because it’s cumbersome and generates a lot of paperwork. The COVID-19 lockdowns
New laws simplify insolvency for small businesses
On 1 January 2021, new laws came into effect that introduce a new, simplified debt restructuring and liquidation framework for small business. Drawing
Should you bring investors into your business?
Sometimes the difference between a good business and a great business is simply having sufficient capital to execute your business plan. For many
Is your business eligible for a tax refund?
If your company has made a loss, you may be able to claim a tax refund for tax previously paid on profits. In
Immediate tax write-offs, how can this benefit your business?
Stimulating investment is high on the Government’s agenda. To encourage spending, the 2020-21 Budget introduced a measure that allows businesses with turnover under
JobMaker hiring credit: how does it work and who is eligible?
The legislation enabling the JobMaker scheme has not passed Parliament as yet and until this occurs, the JobMaker rules are not certain and
Fringe Benefits Tax (FBT) hot spots
FBT liabilities can trap unwary businesses, some of whom don't recognise that there can be a tax consequence from providing benefits to staff
What you can and can’t claim after working from home
For a while now, the Australian Taxation Office (ATO) has been concerned about tax deductions individuals have been claiming for a whole host
How to get ready for an ATO JobKeeper 1.0 audit
The JobKeeper subsidy has progressed beyond the rush for eligibility into the second round. Along with the new eligibility thresholds that will carry
What you need to know about the new tax rules taking effect on 1 July
The new financial year is just around the corner – and it’s going to be a little different this time around. A raft
What you need to consider when making superannuation contributions
About this time every financial year, it's an excellent time to review any super contribution opportunities. However, since March 2020, there has been