News

We keep you informed on the latest accounting, business taxation and audit news for small, medium and family businesses.

News2020-04-30T18:36:30+10:00

With another FBT year gone how has COVID-19 affected the tax and employee benefits?

6th April 2021|Accounting, COVID-19, Taxation|

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

6th April 2021|Accounting, Advisory, News, Taxation|

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?

6th April 2021|Accounting, Advisory, News, Taxation|

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?

2nd December 2020|Accounting, News, Taxation|

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?

2nd December 2020|Accounting, News, Taxation|

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?

2nd December 2020|COVID-19, Human Resources, Taxation|

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

29th September 2020|Accounting, News, Taxation|

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

29th September 2020|Accounting, COVID-19, Taxation|

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

29th September 2020|Accounting, COVID-19, News, Taxation|

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

16th June 2020|Accounting, News, Taxation|

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

16th June 2020|Accounting, Advisory, Superannuation, Taxation|

About this time every financial year, it's an excellent time to review any super contribution opportunities. However, since March 2020, there has been

Ways you can take advantage of the Super Guarantee Amnesty

16th June 2020|Accounting, News, Superannuation, Taxation|

The Government has resurrected the Superannuation Guarantee (SG) amnesty giving employers that have fallen behind with their SG obligations the ability to “self-correct.”

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