The Top Christmas Party Questions What can I do to make the staff Christmas party tax deductible or tax-free? Not have one? Ok, seriously, it’s likely that you will pay tax one way or another; it’s just a question of how. If you structure your celebrations to avoid fringe benefits tax (FBT), then you normally […]
Can You Avoid Giving The Australian Tax Office A Gift This Christmas? Read More »
The Reserve Bank of Australia (RBA) held its seventh meeting of 2024, leaving the official cash rate at 4.35%. Momentum changes quickly: Inflation is subsiding but inconsistent. Employment numbers jumped by circa 64,000 in September from August – higher than the expected gain of 25,000 keeping the unemployment rate at a lower than expected 4.1%.
RBA Meeting Decision, Economy & Property Update Read More »
It is a common misconception that when you engage contractors, it is a much simpler arrangement which simply requires the contractor to get an ABN, provide an invoice and then your business can wash its hands of any further responsibility. In fact, it is quite the opposite. You now need to complete an assessment of
Is your contractor really an employee? Read More »
There has never been a more important time for businesses to be both aware and up to date with their super obligations. Having been in the accounting industry for well over a decade, I can say with confidence that the ATO has never been so proactive in auditing businesses who are not keeping up to
Are you up to date with your super obligations? Read More »
Call me an accountant, but I love giving my clients a tax deduction. Unfortunately, many businesses are under the impression that you can throw any sort of party and buy any sort of gift and the ATO will give you a tax deduction for providing some Christmas cheer. I quite often hear the argument “but
All I want for Christmas is…….A Tax Deduction Read More »
