Before buying a company car for your business, it is very important to take into account any possible motor vehicle fringe benefit implications. Here are a few things to consider before signing on the dotted line. What is a fringe benefit? Put simply, a fringe benefit arises when an employer provides an employee with a …
You have been asked by your employer to apply for an ABN as they want to hire you as a subcontractor. What you need to do to be able to subcontract? There are a few things you will need to take care of: Apply for an Australian Business Number (ABN) Apply for GST registration (if …
Don’t miss out on this opportunity. The HECS-HELP Benefit is not widely published by the ATO and therefore we have found that very few know about it. The benefit provides an incentive for graduates of particular courses to take up related occupations. Or work in specified locations, by reducing their compulsory HELP repayments or HELP debt. …
ARE WE STILL BUZZING AROUND CRYPTOCURRENCY? Cryptocurrency was the buzz word for much of 2017 and it seems 2018 has many of us even more captivated. Nearly everywhere you go or look you can be sure that someone is talking about or making reference to cryptocurrency. Fast forward years down the track to 2021 and …
ARE WE STILL BUZZING AROUND CRYPTOCURRENCY? Cryptocurrency was the buzz word for much of 2017 and it seems 2018 has many of us even more captivated. Nearly everywhere you go or look you can be sure that someone is talking about or making reference to cryptocurrency. Fast forward years down the track to 2021 and …
The importance of getting the right advice To keep it simple, Capital Gains Tax or CGT is the tax applied to any financial gain made from selling a capital asset. The difference between the sale proceeds of the asset (i.e. the price the asset is sold for) and the value of the asset when it …
IT’S TIME TO GET IN FRONT OF THE TAX RETURNS WEIGHING YOU DOWN! You are not alone and in fact, you would be surprised to find that we have a team of accountants that specialise in bringing clients up to date with their lodgements exceeding 25 years outstanding tax returns. The hardest part – ripping …
Succession Planning is the process of planning your exit from your business on your terms. The reasons for your exit can be many and varied, including retirement, realising the value of your investment or a change in the direction of your life. Whatever the reason or combination of reasons that apply to you, it is …
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