Planning a Staff Christmas Party? How to avoid The Christmas Party Tax!
The Christmas Party Tax is a real Grinch, but ignoring it could land you owing even more money! This is a quick guide on how to factor in
(or what to avoid) when it comes to FBT on your staff Christmas Party this festive season.
Don't assume that just because your foreign income has already been taxed overseas or qualifies for an exemption overseas that it is not
also taxable in Australia! Make sure you're reporting any overseas income correctly!
Rental property expenses - what you can and can’t claim
It’s not uncommon for landlords to be confused about what they can and can’t claim for their rental properties. What often seems to make
perfect sense in the real world does not always make sense for the ATO.
Tax return for low income earners - when do you need to lodge one?
There are a lot of common misconceptions about low income and tax returns. There are many reasons why someone under the tax-free threshold
may need to lodge a tax return. Make sure you talk with a registered tax agent to make sure you're meeting all your tax obligations.
Investment strategies of SMSFs are under scrutiny from the ATO, who are concerned that “a lack of diversification can expose the SMSF and
its members to unnecessary risk if a significant investment fails".
Record keeping is a crucial part of any business. In addition to meeting your tax and superannuation obligations, having good records will
give you a more accurate picture of your business to help you understand how you are doing, so you can spot potential problems sooner rather