Small Business Tax
PPSR (What Is It And How Does It Work?)
If you’re in business, you need to know about the PPSR … Many businesses can take a simple step to better manage the risk that can attach to certain assets. A few years ago saw the introduction of a new scheme, which also established a national register, that could affect anyone who answers “yes” to […]
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An Overview On Motor Vehicle Expense Claims
Tax deductions for claiming motor vehicle expenses A perennial topic regarding tax deductions is claiming expenses for a car. The following notes summarise the most salient points when it comes to claiming a deduction for motor vehicle expenses. Of course, every person’s circumstances may be different, but the following covers most of the relevant information. […]
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Tax Obligations Of A Franchised Business
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 […]
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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 […]
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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 […]
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