Tax Deductible Gifts and Donations
For your generosity to be a legitimate tax deduction, the donation needs to meet the following conditions: The recipient must have the status of Deductible Gift Recipient (DGR). If you are unsure of the organisation’s DGR status, you can check it here:...
Party Time- Fringe Benefits Tax
In the next few weeks, many workplaces will be throwing their annual Christmas party for themselves and their employees. Nothing screams “Party!” quite like Fringe Benefits Tax legislation, so here’s a quick overview of the FBT rules for employers to keep in mind as...
Budget Summary 2021
The major tax-related measures announced in the Budget, includes the following:- Personal tax rates – there were no changes made to personal tax rates, the Government had already brought forward the Stage 2 tax rates to 1 July 2020. The Stage 3 personal income tax...
Single Touch Payroll
The ATO are rolling out a new payroll reporting system known as ‘Single Touch Payroll’. From 1 July 2017 employers will be able to use the new system to report their gross wages, PAYG Withholding, and super guarantee payments at the same time as they...Some Great News for Small Business
Increase to SBE Turnover Threshold from $2MIL to 10MIL now backdated to 1st July 2017 – Great news for small business On 31 March, the Government secured Senate support for the passage through Parliament of legislation to assist small to medium businesses. While...
WINNER Excellence in Professional Services
FINALIST Excellence in Small Business category