by | Nov 3, 2014 | Uncategorized
The application of fringe benefits tax (FBT) means that it’s more tax effective to provide staff (including working directors) with non-entertainment gifts (see below) at Christmas rather than hosting a party. This is because such gifts are both tax deductible and FBT...
by | Oct 24, 2014 | Uncategorized
The Australian economy certainly has a number of contradictions at present: The stock exchange values are up. Housing finance is up. House prices are up. Interest rates are still at a very low 2.5%. However there’s an expectation that the Reserve Bank of Australia...
by | Oct 24, 2014 | Uncategorized
Lack of knowledge of the Personal Property Securities Act (PPSA) and the Personal Property Securities Register (PPSR) could be a ‘time bomb’ for businesses. Millions of dollars has already been lost by businesses that paid for an asset but had not registered that...
by | Oct 24, 2014 | Uncategorized
With the abolition of the mining tax from 1 October 2014, a number of other tax measures have come into force: Abolition of the company loss carry-back concessions from 1 July 2013. Reduction of the instant asset write-off for small business entities from $6,500 to...
by | Oct 24, 2014 | Uncategorized
New statistics released by the ATO reveal that more than $14 billion in lost super is waiting to be claimed. “There’s over $6 billion of super, sitting in accounts where funds have not been kept up-to-date with changes to personal details,” said Mr Shepherd. “It’s...
by | Oct 24, 2014 | Uncategorized
The national growth rate is now over 3%, which many economists believe is ‘back on track’. This means that there should be more money available for spending which, in the long term, will assist businesses. There are some odd trends emerging: The employment rate, which...
