Well, as expected there was very minimal announcements for small businesses in last night’s 2023 Federal Budget update. The focus of the budget was mainly at relieving some of the cost-of-living pressures felt by the most vulnerable Australians.
We’ll be in touch very soon.
Well, as expected there was very minimal announcements for small businesses in last night’s 2023 Federal Budget update. The focus of the budget was mainly at relieving some of the cost-of-living pressures felt by the most vulnerable Australians.
Fringe Benefits Tax (FBT) is high on the ATO’s focus as they want to ensure that businesses are meeting their tax obligations. As a starting point, you’ll want to consider what fringe benefits you’ve provided to staff during the FBT year, which goes from 1 April...
Over the years there has been a shift in the type of advice you should expect to receive from your accountant. Gone are the days that you would visit your accountant’s office once per year to receive reactive advice from what is now seen as an “old-school accountant”. Relationships between clients and their accountant have become much less transactional, with it becoming more of a partnership.
The past few weeks have been full of many whispers regarding tinkering with superannuation following the announcement that the government was going to review the ‘objective’ of superannuation.
If you employ staff or have contractors you pay superannuation for you need to ensure you’re set up for Single Touch Payroll (STP) Phase 2.
The 2023 tax year sees changes in how taxpayers calculate and claim a tax deduction for working from home expenses.
If you’ve recently set up your Xero account and need a little bit of guidance with regular day-to-day tasks, you’re in luck! We’ve pulled together a quick checklist for you, covering some of the most common tasks you’ll need to be across to get the most out of Xero.
You’ve made the decision to adopt Xero for your small business, and now it’s time to get it up and running. We’ve pulled together a quick checklist to help guide you through the set up stage, with some helpful links to Xero resources for more information.
We find a lot of businesses get really confused as to what they can/can’t claim and if there are any Fringe Benefits Tax consequences to the entertainment they provide to their staff and associates as a result of Christmas festivities.