Late last year saw the Australian Tax Office (ATO) develop a safe harbour for car fringe benefits. A safe harbour is a guideline that allows Australian businesses to make use... read more →
If 50 really is the new 40, then life has just begun. The kids are gaining independence or may have left home, and the mortgage could be a thing of... read more →
Typically your forties is a time of established careers, teenage kids and a mortgage that is no longer daunting. There are still plenty of demands on the budget, but by... read more →
If you are in your thirties, chances are life revolves around children and a mortgage. As much as we love our kids, the fact is they cost quite a lot.... read more →
Superannuation is for the oldies, right? In some ways that’s true, but even in your twenties there are good reasons to take a bit more interest in your super. The... read more →
It's Christmas Eve, and I find myself feeling grateful for all that I have, however over the Christmas period it's also time to think about those less fortunate than ourselves. Giving... read more →
It is common for employers to close down over the traditionally slow Christmas shutdown and New Year period. During this Christmas shutdown period, employers need to be aware of their... read more →
With the Christmas season just around the corner, employers would be wise to take precautions when planning the work Christmas party to avoid any legal repercussions. The festive season brings... read more →
The holiday season provides the perfect opportunity to connect with customers and leverage off the seasonal shopping period. For many businesses, the upcoming Christmas season presents a peak in sales.... read more →
While it can be quite fun celebrating the year’s achievements at the annual Christmas party, it pays to be aware of the tax implications of these celebrations. Christmas parties can... read more →
Virtual currencies, or cyber currencies, are both a medium of exchange and a store of value, just like traditional money. However, unlike banknotes or coins cyber currencies exist only as... read more →
Establishing your business’ terms and conditions may seem like an onerous task among the neverending to-do lists, but getting it right is essential for healthy cash flow. Terms and conditions... read more →
Some small businesses make simple mistakes; others just don’t provide the right information. Make sure your business is not caught out by filling out your business activity statement correctly. Here... read more →
The Fair Work Commission has increased the high income threshold for unfair dismissals from $136,700 to $138,900 per annum, with effect from 1 July 2016. Under the Fair Work Act... read more →
The ATO is working with insurance companies to assess artworks and collectables owned by taxpayers and identify the owners of these kinds of assets. There has been an increasing concern... read more →
Individuals can claim tax deductions when giving gifts or donations to organisations that have the status of deductible gift recipients (DGR). To be eligible to claim a tax deduction for... read more →
We have pleasure in enclosing a summary of the significant announcements from the Government's Federal Budget 2016. There are a great deal of changes in this budget. Like in recent years... read more →
The start of the new year provides small businesses with the perfect opportunity to improve their credit management and cash flow conversion cycle. Cash flow was one of the biggest... read more →
When selling property registered for GST, the margin scheme can be used as an alternative way to work out the GST payable on a concessional basis. Where the scheme is... read more →
The ATO is targeting those who rent out their property for a few weeks during the year but claim a full year’s worth of rental property tax deductions. The tax office... read more →