FBT & Tax Implications for Staff Parties & Gifts

FBT & Tax Implications for Staff Parties & Gifts

Employers love to reward their hard working employees and valuable clients in various ways. However, there are important issues to consider when providing ‘Entertainment’ (including Christmas Parties and Gift Cards) to staff and clients. We know this can be confusing,...
New superannuation opportunities from 1st July 2022

New superannuation opportunities from 1st July 2022

As 30th June fast approaches, the focus usually shifts towards ensuring strategies relating to managing taxation outcomes and Superannuation are implemented before the end of financial year arrives. However, it is also important to look ahead, with some Superannuation...
Credit Report Changes: Don’t Be Caught Out

Credit Report Changes: Don’t Be Caught Out

If you applied for a home loan in the current financial environment , your lender would probably assess your application in the context of both your credit score and your credit history – on top of your income, assets, liabilities and living expenses. Your credit...
Stepped vs Level Insurance Premiums

Stepped vs Level Insurance Premiums

Life insurance premiums are predominantly based on the risk of certain events happening to you. Because health risks increase with age, life insurance premiums will generally increase over time. That’s why most insurers offer two common ways of paying for, and...
Importance of On-Time BAS & IAS Lodgement

Importance of On-Time BAS & IAS Lodgement

No one likes losing out on tax deductions or paying more tax than they have to. Even Albert Einstein once said: “The hardest thing in the world to understand is the income tax.” From 1 July 2019, with the new Pay as you go (PAYG) legislation, businesses can have their...