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Big Tax Change Becomes Law

Big tax change becomes law (Definition of small business now up-to- 10 million in turnover, instant asset write-off still there for another 12 months) The government’s hard-fought change to the corporate tax rate for small businesses has also Continue Reading 

Big Tax Change becomes Law

Definition of Small Business now up-to-10 million in turnover, instant asset write-off still there for another 12 months. The government’s hard-fought change to the corporate tax rate for small businesses has also altered the definition of Continue Reading 

Tim’s Tax Tip

Here is my tax tip of the day. If you employ staff then buy them a birthday cake on their birthday. It’s a great little social team gathering usually around morning tea. Any small gifts that aren’t entertainment are tax deductible. Continue Reading 

Fringe Benefits 2017

What every employer needs to know about fringe benefits On 31 March 2017, the Fringe Benefits Tax (FBT) year ends. The ATO will be reviewing whether all employers who should be paying FBT are, and that they are paying the right amount. To help Continue Reading