The 2021 FBT year ends on 31 March, therefore businesses should now be planning to ensure that documentation is in place to accurately prepare and lodge the FBT return on time. Cars are the most common type of fringe benefit provided to employees, and you need to...
The concessional contribution cap is set to increase from $25,000 pa to $27,500 pa and the non-concessional cap in 2021–22 will see the standard cap increased from $100,000 to $110,000. In addition, the maximum amount a member who was under 65 at the start of...
By now we know each of the schemes prefaced with ‘Job’ is a different way the Government gives money to employers (and employees) to make it easier for businesses to survive and keep people employed during the COVID-19 pandemic. JobMaker is the latest – It is...
Developing your business in dynamic times When successful companies face changing environments, they often fail to respond effectively. They get stuck in methods and modes of thinking that have been successful in the past and expect the same result ongoing. In some cases the very formula...
The holiday season is upon us! We all like a great party, but none of us want to pay Fringe Benefits Tax (FBT) if we don’t have to. So if you, as an employer, are having a work Christmas or year-end party, how can you enjoy the...
Our number one piece of bookkeeping advice? Outsourcing can make a big difference to your small business. That’s because there’s no doubt that if you neglect your bookkeeping, you’ll lose money - whether business is booming or bad at the moment. The bottom line is that...
If your business hasn’t been receiving the level of care, service and expertise required, then it’s time to change accountant. Sure, you need business and taxation accounting to take care of the compliance stuff so that you stay legal and don’t get ambushed with an unforeseen...
I recently spent a rare lazy weekend at home. So lazy in fact, that I didn’t even bother to do to any grocery shopping. When I got up on Monday morning and couldn’t find anything at home for lunch, I realised my inaction over the...
As proud supporters of Hamilton Hawks Rugby Club we would like to offer members the chance to have their personal tax return completed for as little as $99. Please note that prices start from $99 for the preparation of a single basic income tax return for...
I am constantly surprised by the number of people I speak to, young and old, male and female, who do not understand their business and family financial affairs. I don’t mean a lack of understanding of their complex business structures, I mean a basic understanding...