Losing someone close to you is one of the most difficult experiences in life. During such times, dealing with practical matters like tax can feel overwhelming. But remember, you don’t have to handle everything at once, and you certainly don’t have to do it alone. Here’s a gentle guide to help you navigate the tax…

As an employer, you might find yourself in situations where you lend money to your employees. Whether to help them out during a tough time or as part of a work-related arrangement, these loans can have certain tax implications, particularly regarding Fringe Benefits Tax (FBT). When is an employee loan considered a fringe benefit? A…

As an investment property owner, keeping up with your tax obligations can feel overwhelming, especially with recent changes to the property management data-matching protocol. What is the property management data matching protocol? The property management data-matching protocol is a system used by the Australian Taxation Office (ATO) to check that property owners are correctly reporting…

Creating a positive and engaging work environment is key to running a successful business. Events like Christmas parties, team-building days, and seminars can help boost morale and strengthen your team. However, before you start planning, it’s essential to understand how Fringe Benefits Tax (FBT) applies to these activities. Here’s a guide to help you navigate…

For many small businesses, managing Fringe Benefits Tax (FBT) records can be a challenging task. Between ensuring accuracy, keeping up with compliance rules, and juggling multiple employee benefits, it’s no surprise that many find the process overwhelming. But FBT record-keeping doesn’t have to feel like a burden. The Australian Taxation Office (ATO) understands these challenges…

Accessing your company’s assets might seem simple, but it comes with strict tax rules. The Australian Taxation Office (ATO) has guidelines in place to prevent any accidental or deliberate misuse, making sure you stay compliant with the law. One key regulation to be aware of is Division 7A. How does Division 7A work? Division 7A…

Could your business save money on taxes while becoming more energy-efficient? If you’ve made any energy-saving upgrades between 1 July 2023 and 30 June 2024, you may be eligible for a valuable tax deduction through the Small Business Energy Incentive. This incentive could help you save on both your taxes and energy bills, putting more…

Victoria has lowered its land tax threshold, and your business could be affected. Our latest blog explains who needs to pay, when you can claim deductions, and how land tax differs across Australia. Stay informed and avoid penalties by understanding these crucial updates.

Thinking of lodging your tax return early? Wait, there are some key things you should know first. Check out our blog for insider tips to avoid common mistakes.

The recent Budget announcement brings good news for small businesses. The Instant Asset Write-Off program is extended, allowing eligible businesses to claim the full cost of assets under $20,000 as an immediate tax deduction. Find out if you qualify and how this can save you money on taxes.