Salary sacrifice can be a great way to get a part of your remuneration in a form other than cash – and not personally pay tax on it....

As a tax concept, “entertainment” can be relevant not only to fringe benefits tax (FBT), but also to income tax and even goods and...

Various tax implications can arise when a debt becomes statute-barred. So what is statute barring and when can it be a problem? In simple...

Whether starting or expanding a business, capital is key. If you’re planning to approach a bank or similar institution for funds to back...

Businesses could be exposing themselves to significant legal liability by not ensuring any redundancies they undertake are ‘genuine’,...

Watch your superannuation contribution limits You may wish to consider maximising your concessional or non-concessional contributions...

The government has proposed that the Australian home of a non-resident for tax purposes, including Australian expatriates will no longer...

Whether you’re new to business, new to bookkeeping, or just want a refresher in strategic accounting, there’s a lot to be said for...

Effective accounting strategies are vital for business growth. In fact, gathering, recording, and analysing your company’s financial...

A key part of your business plan should be to improve the financial position of your business. There are many aspects to this and it is...

I would like to make all readers aware that from 2 July 2018, the child care fee assistance families receive will change. From that date,...

With the end of the financial year in sight, there is one more thing clients will need to be aware of regarding changes to the tax...

Rental property investors can claim capital works deductions for construction costs for a rental property, however there are limits...

Small business clients can use simpler trading stock rules. If you are a small business entity and at the end of the income year estimate...

Fuel tax credit rates are updated every year (generally on 1 February, but this year they changed on 5 February). It is therefore a...

When a legal expense is incurred in relation to the operation of a business to produce assessable income, it is generally allowable as a...

When claiming for work-related car expenses, many taxpayers miss out on maximising their claim due to inadequate record keeping. But...

Airbnb is one of many examples of the “sharing economy” — connecting buyers (users) and sellers (providers) through a facilitator that...

A travel allowance is a payment made to employees to cover accommodation, food, drink or incidental expenses they incur when they travel...

As though business owners and principals don’t already have enough on their minds, discussion about the ups and downs of the business...