Taxation Advice & Planning
Health And Tax Savings With A Salary-Sacrificed E-Bike!
Why salary sacrifice an e-bike? Salary sacrificing a “company car” is a popular option, however did you know that there is also a tax and health incentive with another particular set of wheels — an electrically assisted bicycle (e-bike). What is an e-bike? An e-bike is defined as a bicycle-like frame fitted with an electric motor, which […]
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Company Directors, Are You Clear About Your Responsibilities?
Are you a company director? Time to review your responsibilities! Company directors need to keep in mind that the Corporations Act holds directors personally liable for many of the legal and financial obligations expected from a company. Risks and liabilities The corporate regulator, the Australian Securities and Investments Commission (ASIC), says failing to perform your duties […]
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Small Business Grant For Hiring New Employees
What is the purpose of this new small business grant? The grant is designed to encourage small businesses that do not pay payroll tax to hire new employees and expand their business in New South Wales. The grant is a one off payment per new position and is paid when a claim is made on […]
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Professional Fees For Start Up Small Businesses Are Now Deductible
Small businesses start up expenses can now be reduced … Start-up small businesses are able to deduct a range of expenses associated with launching their venture, such as the costs of professional, legal and accounting advice. When will these allowable deductions become effective? The government’s “Jobs and Small Business” package announced with the last budget […]
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Tax-free Christmas Work Party – Top 5 Tips!
Don’t get a tax hangover … Christmas is almost here and while you should feel free to pop some champagne corks for your staff, you want to make sure that you don’t get a tax hangover; particularly with fringe benefit tax and associated income tax and G.S.T. pitfalls. Top 5 tips to keep your Christmas tax-free: Give until it […]
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Top 5 Avoidable Tax Mistakes Made By Small Business Owners
If you fail to plan, you plan to fail Too many businesses fail because they don’t plan for their tax commitments well enough. From payroll tax to superannuation guarantee contributions to GST, we’ve seen businesses wiped out by huge penalties and tax debts because they kept putting off their obligations. Tax mistakes that leads to business failure […]
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