Author: Marketing Team

Various drinks on table

Returning JobKeeper, FBT and Covid Vaccinations and the workplace

FBT 2021: Tax & Employee Benefits Fringe Benefits Tax (FBT) is one of Australia’s most disliked taxes because it’s cumbersome, expensive and generates a lot of paperwork. Unfortunately, the COVID-19 lockdowns we’ve endured have added another layer of complexity as many work patterns and behaviours have changed. As we’ve previously discussed, a fringe benefit is…

Continue reading Returning JobKeeper, FBT and Covid Vaccinations and the workplace

Two women at cafe cash register. Sign at register says "Order here"

How to sell your business, The final stage of JobKeeper and Simplifying small business insolvency

But first: We are open again! Following the easing of lockdown restrictions, our office opened again on Monday the 8th of February 2021. Given the State Government’s ongoing directives, we require every person in our office to wear a mask at all times and ask that visitors adhere to the following: 1. Please don’t come…

Continue reading How to sell your business, The final stage of JobKeeper and Simplifying small business insolvency

Image of open door with house keys sitting in lock

Rental Properties

As Perth is currently experiencing some of its lowest residential vacancy rates in almost 10 years, we thought the time was right to talk about rental properties and what you should know as a landlord, including: what you can and can’t claim as rental deductions; the difference between rent and board; negative gearing; why you…

Continue reading Rental Properties

A black car as seen from the front

Motor vehicle deductions and questions, Superannuation Guarantee deadline and foreign income disclosure rules

Motor Vehicles You can claim deductions for the use of motor vehicles (including motorcycles) when they’re used for business or work purposes. While your method of deduction will vary depending on your unique circumstances, regardless of how you claim, it’s important to distinguish the applicable work/business-related portion from any personal/private use, and stay on top…

Continue reading Motor vehicle deductions and questions, Superannuation Guarantee deadline and foreign income disclosure rules

Laptop, coffee mug and mobile phone sitting on a wooden desk

Successor Directors: a key player in estate planning and asset protection

What would happen if you no longer had control of your company? It’s a sombre thought, but a reality: if you or your partner are a director of a company and happen to become incapacitated or die without company resolutions or a properly drafted will in place, you could lose control of your company and…

Continue reading Successor Directors: a key player in estate planning and asset protection

Female apprentice florist cutting some ribbon

2021: Opportunities and Risks, JobMaker Deadline Looms, Christmas Parties and FBT

JobMaker Deadline Looms JobMaker enrolments opened on Monday the 7th of December and because of the tight turnaround times, if your business would like to access JobMaker for the first period, it will be important to assess eligibility. Be sure to contact us as soon as possible to get the ball rolling. Wednesday the 6th…

Continue reading 2021: Opportunities and Risks, JobMaker Deadline Looms, Christmas Parties and FBT

Man and woman sitting at a desk with an open laptop in front of them. They look stressed.

SCAMS

With the festive season fast approaching, scam activity is on the rise. Here are a few common ones doing the rounds and how you can keep yourself safe. Hello? This is the ATO… People are receiving calls from fraudsters claiming to be from the Australian Taxation Office, stating that they have not paid enough tax…

Continue reading SCAMS

Young man sitting outdoors and working on a tablet

JOBMAKER HIRING CREDIT

Last week, the legislation enabling the JobMaker scheme announced in the 2020-21 Federal Budget passed Parliament.  What is JobMaker? JobMaker is a credit available to eligible businesses for the hiring of additional employees. It is an incentive for employers to support wage costs and, unlike JobKeeper, is not passed onto employees. The hiring credit is available for jobs…

Continue reading JOBMAKER HIRING CREDIT

A black car as seen from the front

FRINGE BENEFITS

With more of us working from home now as part of our ‘new normal’, the ATO is increasingly turning its attention to business expenses and employee deductions. Here’s how to ensure you don’t get caught out. What is a fringe benefit? Really simply, a fringe benefit is an additional ‘payment’ or benefit you receive on…

Continue reading FRINGE BENEFITS