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November and Christmas Round up With Christmas just around the corner, this month’s accounting and SMSF round up looks at the Fringe Benefit Tax and how to keep your Christmas parties and gifts tax friendly. 1. Christmas Parties and Fringe Benefit Tax2. Christmas Gifts and Fringe Benefit Tax Christmas Parties and FBT With work Christmas

October Round up Our October Roundup focuses on: 1. Cryptocurrency2. Deductions for superannuation contributions3. Gifts and donations Cryptocurrency Crypto assets are a digital representation of value that you can transfer, store, or trade electronically. Crypto assets are a subset of digital assets that use cryptography to protect digital data and distributed ledger technology to record

September Roundup Our September Roundup focuses on GST rules and maximising GST claims, differences in paying employees travel or living-away-from-home allowances, considerations for appointing SMSF auditors and tax implications of the sharing economy. GST refresher for your business Most businesses are familiar with how GST works. But here are a few reminders to make sure

Small Business Lodgement Penalty Amnesty The ATO is offering a lifeline to eligible businesses with outstanding tax debts. Small businesses have a one-off amnesty to lodge outstanding tax returns without penalties. The amnesty operates until 31 December 2023 and allows small businesses to lodge outstanding tax returns and business activity statements (BAS) that were due

In this month’s issue we focus on the impending superannuation rate rise, small business energy incentives, fuel tax credits and car expense claims. There are also important discussions on the review of business restructuring and small business lodgement amnesty. Superannuation rises to 11% The superannuation guarantee (SG) rate increase from 1 July 2023 will see