partners for life
Posts Tagged ‘tax’
Trainees and New Payroll Tax Legislation Amendments – How is your Business Affected?
August 27th, 2019Does your business employ trainees? If so, be aware that the payroll tax exemption for trainee wages has now been removed. As payroll tax is self-assessed, the onus is on you as an employer to ensure the information you provide to the government is correct, and that you comply with your tax obligations. The Departmentread more
Ride Sharing, Taxis and Fringe Benefits Tax – What are your Obligations?
July 15th, 2019Employee travel has long caused employers headaches when it comes to Fringe Benefits Tax (FBT) and claiming deductions. For those organisations that require employees to travel fairly regularly for things like meetings, seminars and other events, providing this travel is often a great way to ensure that your team get where they need to goread more
Claiming Car-Related Expenses this Tax Season
June 14th, 2019With tax time coming up very soon, many of us will be looking towards our tax returns and working out what we can claim for this financial year. A very common area people claim deductions in is car travel and other vehicle-related expenses. While there are many options available for things to claim, the Australianread more
The ATO’s rental property crackdown – a potential audit goldmine
May 10th, 2019Do you own a rental property? Off the back of finding that the vast majority of rental property owners are making mistakes on their tax returns, the Australian Taxation Office (ATO) is now scrutinising related deductions closer than ever. This has led to the announcement of increased audit activity, in order to ensure ongoing complianceread more
Will the ATO be knocking on your door soon?
March 18th, 2019Unannounced visitors might be a bit of an inconvenience so some, but for businesses there’s no guest less welcome than the Australian Taxation Office (ATO). While the ATO tends to keep workplace visits to a minimum, and target those that they know are doing the wrong thing, new benchmarking data for small businesses means theyread more
Running a small business – what’s deductible?
February 14th, 2019When you’re running a small business, you want to make sure you’re making your money work as hard as you do. This often extends to legally minimising your tax where you can, and there are plenty of ways to do so – even from day one. Here are a few you can look for: Start-upread more
Owning a commercial property with your SMSF
November 1st, 2018Ever thought about investing in property using your super? Transferring commercial property into superannuation is commonplace – and has been for many years – and the benefits of owning property in superannuation can be significant. In order to understand the real-word application of owning property in your super, consider the following example. In this situation,read more
Working from Home – What can you Deduct?
October 19th, 2018As the workforce increasingly favours flexibility and good work-life balance, companies throughout Australia (and indeed the world) offer their employees the chance to work from home; while others set up their own business to take greater control over their working lives. With this flexibility in working from home, there are certain things that you canread more
Thinking about becoming a client?
Book your free, no obligation consultation right now via our online booking system or get in touch to find out more
Already a client and want to get in touch?
Send us an email via our enquiry form or give us a call today