As the holidays approach many businesses are planning for Christmas functions. During this time, employers should be thinking about tax deductions and the fringe benefits tax (FBT). Employers often find themselves caught out for failing to understand the FBT impact of Christmas. Employers planning a Christmas party should... read more →
Dec
01
Nov
25
Most modern awards and enterprise agreements will set out the strict rules and requirements that employers must comply with if they require an employee to take paid annual leave during a period of shut-down. An employee must receive advanced notice (typically four weeks) in writing that they are... read more →
Nov
20
Business owners should take the time to recognise and plan for any potential challenges that could affect their revenue over the Christmas period. The festive season is often a time of increased sales activity. Business owners need to consider strategies on how to effectively manage this busy period in... read more →
Nov
17
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Nov
11
Investors may be interested in borrowing in a self managed super fund (SMSF) to invest within a residential property. However, investors need to be wary as this is not always the most financially effective way to buy property. Self managed super has grown from a specialised strategy into a... read more →
Nov
08
SuperStream is the name for the range of proposals designed to improve the processing of everyday superannuation transactions. From 1 July 2014, SuperStream will affect the way employers meet their superannuation contribution obligations. The standard process as it exists, involves a combination of paper and electronic transactions. This... read more →
Nov
01
The ATO has indicated that it will commence sending out initial notices to employers about unpaid superannuation obligations. Failing to meet superannuation obligations will generate significant penalties for employers. In addition to interest and administrative penalties, employers lose the tax deduction that would normally be available for superannuation payments... read more →
Oct
20
Lorem ipsum dolor sit amet, consetetur sadipscing elitr, sed diam nonumy eirmod tempor invidunt ut labore et dolore magna aliquyam erat, sed diam voluptua. At vero eos et accusam et justo duo dolores et ea rebum. Stet clita kasd gubergren, no sea takimata sanctus est Lorem ipsum dolor sit amet.... read more →
Oct
17
Lorem ipsum dolor sit amet, consetetur sadipscing elitr, sed diam nonumy eirmod tempor invidunt ut labore et dolore magna aliquyam erat, sed diam voluptua. At vero eos et accusam et justo duo dolores et ea rebum. Stet clita kasd gubergren, no sea takimata sanctus est Lorem ipsum dolor sit amet.... read more →
Oct
13