Franchisees need to know how much tax to pay Why you need to know your tax obligations for a franchised business The Australian Competition & Consumer Commission (ACCC) is the government body responsible for enforcing the Franchising Code of Conduct, and if you or someone you know are considering entering into a franchise arrangement, this Read More…
Is Your Car Parking Benefit Liable For FBT?
Small Business Car Parking Exemption If your business provides car parking benefits to your employees in the form of car parking for more than four hours on its premises, and the relevant car parking facility is within one kilometre of a commercial car park where the minimum all day cost is more than the current Read More…
Tips For Claiming For Gumtree Or Facebook Group Sourced Assets
Business expense deduction claims A recent case before the Administrative Appeals Tribunal (AAT) shed light on a growing phenomenon that you should keep in mind for work-related or business expense deduction claims. This case involved a business purchase on Gumtree. Case study of an engineer who purchased business related tools on Gumtree The case involved Read More…
Fringe Benefits Tax Updates 2016
The Fringe Benefit Tax Year ends on 31 March 2016 … If you allow a staff member to use a work car for private purposes, give one of them a cheap loan, reimburse another for a private expense, such as school fees, or generally provide entertainment or recreation – you may be up for fringe benefits Read More…
