Fringe Benefits Tax and Cars: What to Consider

Fringe Benefits Tax and Cars: What to Consider

Fringe Benefits Tax (FBT) is a tax employers must pay when providing non-cash benefits to employees, such as the use of a company car. While a company car can be a great perk, it comes with specific rules and obligations. Here’s what both business owners and employees...

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Applying for a Loan? What Business Owners Will Need

Applying for a Loan? What Business Owners Will Need

Applying for a loan is often a crucial step for business owners looking to expand, invest in new equipment, or cover operational costs. However, the process of obtaining business finance can be competitive, and lenders require specific documentation to evaluate the...

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Considerations Before Starting an SMSF

Considerations Before Starting an SMSF

If you're looking to take control of your retirement savings, you might have heard about Self-Managed Super Funds (SMSFs). These funds allow you to manage your superannuation (super) savings directly, giving you the ability to make investment decisions and tailor your...

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Tips for Rental Property Owners at Tax Time

Tips for Rental Property Owners at Tax Time

Owning rental property can be a lucrative investment, but when it comes to tax time, many property owners make avoidable mistakes that can cost them money or lead to complications with the Australian Taxation Office (ATO). To ensure you're on top of your tax...

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The Importance of Good Bookkeeping for Your Business

The Importance of Good Bookkeeping for Your Business

Whether you're running a small startup or managing a growing company, good bookkeeping is essential to keeping your business on track. While it may not seem like the most exciting aspect of entrepreneurship, maintaining accurate financial records can make or break the...

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Drive for Work? What Car Expenses You Can Claim

Drive for Work? What Car Expenses You Can Claim

If you're using your car for work purposes, you may be eligible to claim certain car expenses on your tax return. However, it’s important to understand what qualifies as a legitimate work-related car expense and how to calculate it accurately to avoid issues with the...

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Starting a Business? 6 Items to Consider

Starting a Business? 6 Items to Consider

Starting a business can be an exciting venture, but it also comes with a number of important considerations. From choosing the right business structure to understanding your financial obligations, being prepared from the outset can make all the difference in ensuring...

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Maintaining Work-Life Balance as a Business Owner

Maintaining Work-Life Balance as a Business Owner

As a business owner, achieving work-life balance can often feel like an elusive goal. You’re constantly juggling responsibilities, from managing operations to addressing customer needs and growing your business. While it’s natural to be passionate and dedicated to...

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What happened to my company’s profit?

It's a common occurrence for many of our business clients to observe a profit on their year-end Profit and Loss (P&L) statement.  However, it's important to note that this profit may not directly correspond to the actual funds available in their bank account. This...

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Small Business Tips for Saving Money in 2023/24

As a small business owner, we know your time is valuable, so we've done some reading for you! Here's a summary of how your business can benefit from the opportunities in the 2023/24 budget and some offered by the ATO.   Small Business Asset Write-Off Starting...

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