2015 Federal Budget wrap up

Here’s our 2015 Budget wrap up. Overall we are pleased to see that small business has come out a winner finally (after some of the relief introduced by the previous government that had been squashed by this government have come back).  Looks like the Minister for Small Business is either doing his job or our politicians are realising that Australia no longer rides the on the back of the sheep...

Frequently Asked Questions

Can you help me with my bookkeeping too?  Absolutely if I do your tax returns I can also do your bookkeeping however I do not provide bookkeeping only services to the general public.   I’m a bit behind in my BAS and tax.  Can you help me get up to date?  Absolutely I can and I assure you that you are not alone – in fact we do this all the time.  I know...

12 common myths – Employee or contractor?

There are several myths and assumptions by both workers and employers when it comes to trying to decide whether or not someone is a contractor or an employee. Here are 12 common myths that often get both businesses and workers into hot water. Having an Australian business number (ABN) Myth: If a worker has an ABN they are a contractor. Fact: Just because a worker has an ABN does...

It’s Fringe Benefits Tax time

FBT — your business basics If you own a business that employs staff, and provide remuneration to your employees in a form other than straight salary, you may be up for fringe benefits tax (FBT). The upside for your workers is that they do not then have to pay income tax on the value of the benefits provided to them. FBT is separate to income tax.  The FBT regime...