Christmas parties and the ATO

If you're throwing a work Christmas party this year or giving out gifts and staff bonuses, there’s a tax for that - Fringe Benefits Tax - and if you aren’t careful you could get a surprise call from the Australian Tax Office. …

Engaging contractors. Should you pay their super?

Now here's a case study that will make many employer business owners take notice. The courts recently ruled that a "sub-contractor" engaged by a property maintenance business was actually an employee (and not an independent cont …

Work travel claims for your business

Do you sometimes take work trips for your business – perhaps to conferences, trade shows or to visit interstate or overseas clients? When a trip is clearly for business purposes only, the rules for deducting your expenses are reason …

Commonwealth Seniors Health Card – are you eligible?

We're all aware that for a person to be eligible for the age pension, their assets and income need to be below the relevant thresholds and of course they need to reach the required age. …

Why it pays to get life insurance in your 30s

For many young Australians insurance is one of those things that is pretty low on the to-do list — something for their future self to worry about. But what they may not realise is that life insurance is not just for oldies, but r …

Get your small business ready for STP reporting

Have you sorted out Single Touch Payroll arrangements for your small business? If not, it’s time to get cracking because all employer businesses must be fully on board with this electronic payroll reporting standard by the end of Se …

Maximising your super contributions

Getting money into super has become a great deal harder in recent years, with various layers of caps complicating one's ability to contribute. Adding complexity to the issue, there have been new caps in some areas and reduced caps i …

Navigating changes to super: The 10 per cent rule.

Superannuation is usually talked about as having three tax benefits. It is a tax-effective way of receiving income because contributions are taxed at 15 per cent. The fund's earnings are only taxed at a maximum rate of 15 per cent. …

Getting your personal super deductions right.

Recent changes to the law mean many more Australians can now claim deductions for their personal superannuation contributions. But while the eligibility requirements have been lowered, the process for claiming deductions is not stra …

Election 2019. A countdown to change?

The majority of adult Australians will be well aware that a Federal Election is looming in the coming months. By their very nature, elections bring about change – regardless of whether the incumbent party is returned to office or t …