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DetailsMerry Christmas from CTBS
Protect your assets, structure correctly and save tax Merry Christmas from the team at CTBS. Thanks for your support during the last year. We really appreciate your custom. The next year will bring new challenges. Its always a good time of the year to reflect on your accomplishments. As yourselves (Are my taxes up-to-date?) (Should…
DetailsTax Tip Tuesday: Christmas Gifts, Parties & The Minor Benefit Exemption
Gifts which ARE NOT consider to be entertainment These generally included, for example Christmas hamper, a bottle of whisky, wine, etc. and gift vouchers, a bottle of perfume, flowers, a pen set, etc The general FBT and income tax consequences for these gifts are as follows: gifts to employees and family members – FBT is…
DetailsTax Tip Tuesday: What is Work Cover, Why I need it and How do I calculate it correctly?
Workcover is something that business owners often think about but sometimes never get around to doing something about it. So let’s look at some of the key things to be aware of and when you need to register for Workcover in QLD. Workcover is a state based scheme that protects employees and employers in the…
DetailsTax Tip Tuesday: Home Office Expenses
A taxpayer who carries on a business from home or is required to carry out part of their employment duties at home may be entitled to claim deductions for home office expenses. The ATO will generally not allow a taxpayer to claim for expenses associated with their home office unless their employer considers it necessary…
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