The tax deductibility of Christmas gifts and parties to staff
Christmas parties are considered to be "entertainment benefits". Therefore, the expenses may be subject to fringe benefits tax (FBT).
Tax Archive
Melbourne small businesses receiving in-person visits from ATO
Supposedly, up to 800 businesses will be targeted by the ATO and Fair Work Ombudsman.
Are You A Cryptocurrency Consumer, Investor Or Trader?
For tax purposes, it is very important to know what category your cryptocurrency activity falls within.
Cash Accounting vs Non-Cash Accounting For Reporting GST
As a general rule, smaller businesses tend to use cash accounting because it is not as complex as non-cash accounting.
- Tax ·
How To Know If You Are Dealing With A Dodgy Tax Agent
In the 18/19 financial year, the tax office received more than 200 tip-offs about accountants who were making inaccurate claims…
- Tax ·
ATO Take ‘Gloves Off’ On Overseas Income
The ATO have again flagged that under-reporting of foreign income is an issue.
Are Phones And Internet Considered A Fringe Benefit?
Generally, this scenario is labelled as an ‘expense payment fringe benefit’.
- Tax ·
The Difference Between Income Tax And Instalment Tax
PAYG instalments are prepayments only, and they are cash flow items in your business. They are not the actual result.
FBT And Uber Style Ride Sharing
Does the FBT exemption extend to employees using Uber for travel?
- Tax ·
How Much Can You Claim On Your 2019 Return?
It’s tax time yet again, and many Australians are wondering what areas are best to make their claims.
The Tax Time Crackdown On SMEs
The tax office are continually warning small businesses of their sophisticated data matching and analysis tools which are pointing out…
New Businesses Required To Lodge TPAR
Businesses that provide cleaning or courier services will now need to lodge a Taxable Payments Annual Report (TPAR).
