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A reminder that while staff Christmas parties can attract fringe benefits tax (FBT) there may be exemptions available depending on the venue and cost per employee. There are two main exemptions to FBT that could apply to Christmas parties - exempt property benefits and exempt minor benefits. Read More
Regardless of your definition, there are a number of common characteristics of a successful business.
Successful business owners focus on the following key areas: Read More
The 2017 Federal Budget was released last night, with key themes focusing on housing affordability, changes for the major banks and some, but thankfully not many, new superannuation measures. There has been a bit of fiddling with the Medicare Levy and HECS repayment thresholds, but on the whole, this budget has done little for business, apart from extend the $20,000 immediate deduction for eligible assets for business with <$10M turnover another year. The Government has aimed this budget at infrastructure spending, and sought to tighten the rules around foreign owned property. As with each year, it is important to note that these changes are proposed, and still need to pass through parliament before becoming law. Read More
3 Things every business owner should be doing. It doesn’t matter whether you are BHP or the suburban retail shop. The following rules apply to you. It is just the depth of information that differs. Read More
One of the most tax-effective ways to build wealth for retirement is through a Self-Managed Superannuation Fund (SMSF). Read More
Major superannuation changes start July 2017! Are you prepared? Read More
Superannuation Reform Bills were passed by Parliament on 23 November 2016 which will have significant impact on Australians saving for their retirement. We would encourage you to ensure you have considered all changes before making any further contributions to superannuation. Read More
With the sun coming out this is a great time of year to spring clean your business finances and make sure they’re on track to achieve your goals. The problem is you have so much on your plate you don't know where to start. The easiest way to start your Spring Clean is to look where the low hanging fruit is...identify where there are opportunities to make small changes that will make a big difference to your profit and cashflow. Read More