FBT: Small Business Concessions
If you own a small business still recovering from the COVID-19 economic downturn, remember that you can take advantage of Fringe Benefits Tax (FBT) concessions to lower the amount of FBT you need to …
FBT: A quick guide
While income tax and company tax seem to be front of mind for most businesses, Fringe Benefits Tax (FBT) is also applicable when employers provide certain benefits to their employees or associates of employees (usually family member …
Tax impact of multiple jobs
It’s not uncommon these days for people to have more than one job and employer, or even a mix of wages and contract income, as a way of maintaining their preferred lifestyle. But what are the tax implications of this? …
How to sell your business
We’re often asked the best way to sell a business. There are two key components at play in the sale of a business; 1) structuring the transaction and 2) positioning the business to the market. Both elements are important and can sig …
JobKeeper 2.2: from 04 January 2021
With the second extension period of the JobKeeper scheme taking effect from 04 January 2021, it's timely to review the key dates in relation to the end of JobKeeper 2.1 and the start of JobKeeper 2.2. …
Can your business take advantage of JobMaker?
If your business is thinking of hiring new staff, now is the time, the Government will pay employers a subsidy of sorts for each eligible young worker employed over the next 12 months. …
Remember when term deposit interest rates meant something
Cash plays a significant role in our lives. It provides stability and reassurance, liquidity, flexibility and comes with a government guarantee of up to $250,000 for bank deposits. …
JobKeeper: what's changing
Businesses receiving JobKeeper payments need to be aware of recent changes which extend the eligibility of the program, meaning more of your employees may be eligible. Employee eligibility has been changed …
Your business: rebounding from the COVID-19 downturn
With lock-down restrictions easing in Queensland and Government stimulus payments flowing, business owners need to take a serious look at the future of their businesses. …
Doing business with a trust entity
Did you know that a trust is not a legal entity for the purpose of enforcing a debt? This means it can be incredibly difficult, and sometimes simply impossible, to enforce a debt unless you know the name of the trustee of the trust. …