Blogs & Resources
13 December 2021
Can I claim my Christmas party as a tax deduction and what are the fringe benefit tax implications?
Generally speaking, if a party / function is held off the employer's premises and the cost per head is less than $300 the cost will be exempt from Fringe Be…
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9 December 2021
Are gifts to clients / customers tax deductible?
Generally speaking yes. If the gift is designed to:1. Promote and / or advertise your business;2. Generate goodwill between your busin…
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2 December 2021
Taxation Update - December 2021
Please subscribe to our newsletter for our latest taxation update, our most recent newsletter covers: - Super is now following new employees- …
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29 November 2021
Giving Employees Gifts at Christmas Time.
Generally, the most tax effective outcome when providing Employees with gifts is to ensure that the following is adhered to:1. The gift is less than $300, Goods…
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2 November 2021
Taxation Update - November 2021
Please subscribe to our newsletter for our latest taxation update, our most recent newsletter covers: - Preparing for the new Director ID regi…
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26 October 2021
Small Business CGT Concession – Tax Minimisation
Small business capital gains tax concessions allow the owners of small businesses to disregard or defer some of the gains they make when selling their businesse…
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18 October 2021
Cash flow and profit?
A common issue that we hear is how can I be making a profit but yet I have no cash to pay myself and my bills.The first thing to remember is that your profit do…
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18 October 2021
The ATO has extended the Work From Home shortcut method.
https://www.ato.gov.au/Individuals/Income-and-deductions/Deductions-you-can-claim/Home-office-expenses/Shortcut-method/If you would like to discuss further plea…
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9 October 2021
Taxation Update - October 2021
Please subscribe to our newsletter for our latest taxation update, our most recent newsletter covers: - Extra super step when hiring new emplo…
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7 October 2021
Director identification number
Current Company Directors have until 30 November 2022 to apply for their Director Identification Number.Please refer to the link below for more information.http…
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30 September 2021
Understanding the financial reports of your business.
Most people who own a business will have an accountant that will prepare a set of financial reports and income tax return for their business.Many of these busin…
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24 September 2021
Business Survival - What is a Business's Cash Runway?
The Cash Runway is also referred to as a Business Burn Rate.The Cash Runway is a critical Key Performance Indicator (KPI) for new or start-up businesses. I…
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18 September 2021
Valuing your business.
A common method of valuing your business is applying the maximum capitalisation rate to the net business earnings. Sometimes, Earnings before Interest, Ta…
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7 September 2021
Points of consideration when selling your business?
Two of the most rewarding and stressful times that you will have with your business is at the starting phase and when you go to sell.Some points of consideratio…
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2 August 2021
Taxation Update - August 2021
Please subscribe to our newsletter for our latest taxation update, our most recent newsletter covers: - Reminder of superannuation caps indexation for 2022…
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17 July 2021
Cash Support For Victorian Businesses During Lockdown
The Victorian Government will provide new cash grants for businesses affected by the short lockdown necessary to get ahead of the Delta strain, so they can have…
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