The business landscape is not simply evolving; it’s changing dramatically, thanks to mobile technology. Back in 1992 a 22-year-old test engineer sent the world’s first text message. Today, more than 8 trillion texts are sent each year and, in October 2015, global users of Smartphones reached an astonishing 1.5 billion. The Smartphone that sits comfortably […]
Why business owners need to Embrace Smartphone growth Read More »
As more and more of our clients are using iPhones, iPads and other iOS devices, we want to blog about closing Apps in iOS. Your smartphone or iPad is a hardworking tool, capable of literally almost anything, including a host of incredibly useful apps. Telephone calls happen to be a small part of what most
How to close Apps in iOS on the iPhone, iPad or other iOS devices Read More »
Do you know what Single Touch Payroll (sTP) is? STP is now in its second year. New mandatory salary and super reporting requirements came into place last year, commencing 1 July 2018. Single Touch Payroll (STP) is a government initiative that changed the way businesses report on their payroll to the ATO from July 2018.
Single Touch Payroll Read More »
Now that the Federal Election has been won by the Coalition, our combined focus needs to be on how you can save tax before 30 June 2019! While the Coalition has promised company tax cuts and individual tax cuts, the majority of these are planned for a few years’ time. Here are 2 key areas
2019 Tax Planning & How a Coalition Federal Election Win Will Affect You Read More »
Workhorse vehicles are generally exempt from the car fringe benefit rules, provided the private use of that vehicle is restricted to only minor, infrequent and irregular use. For example, dropping off / picking up children to school on the way to / from work. Where the private use is more than minor, infrequent and irregular,
Workhorse Vehicles: ATO outlines new Safe Harbour provisions Read More »
This year’s Budget is rather unique as it occurred just before a federal election. While there are many parts of this year’s Budget that apply to future years, we have summarised below the key changes you need to know about for the next 12 months. Remember, if the Federal Government changes then the Budget changes
Federal Budget 2019: What it means for you Read More »
An everyday occurrence across the business landscape in Australia is the practice of taking both existing and potential clients out for a meal to cement the business relationship, with the cost of this meal often covered by one party. Equally, business owners commonly reward by taking high-performing employees out for lunch and covering the cost.
Tips & Traps: Entertaining, Meals & FBT Tips Read More »
Life does not always go to plan. While we logically know that, most of us don’t plan for the worst – it’s all a bit morbid and time-consuming. The downside of not planning is the potential for hard-earned assets to be squandered, family fall-outs, and money handed to the Government that could have been distributed
What would happen if…. Read More »
The table below outlines the key tax return labels that can alert the Australian Tax Office (ATO) that an employer may have some Fringe Benefits Tax (FBT) exposure. DISCLOSURE ITEM / RETURN LABEL FBT RISK Fringe benefit employee contributions Item 6, Label I of the ‘C Return’ Item 45, Label T of the ‘T Return’
How the ATO identifies potential FBT employers Read More »
The provision of company cars to employees is a regular practice across the Australian business landscape. Generally, there are two reasons to provide a car to an employee: 1. It’s a requirement of the job that employees travel regularly for work purposes, so providing a car will allow employees to effectively perform their duties. 2.
Tips & traps: Providing cars to employees Read More »