by PTAM | Apr 4, 2016 | Accounting, Fringe Benefits Tax
With the 2017 FBT year only 4 days old, let’s have a look at some of the benefits that do not attract FBT. The items that do not attract FBT include: a birthday present given to a child who works in a business run by the parents a wedding gift given by parents...
by PTAM | Mar 29, 2016 | Accounting, Taxation
With tax time on the horizon, there may not be a better time to hit the shops for a new handbag. In recent weeks The Australian Tax Office has confirmed that handbags used for work are tax-deductible in certain situations, but as is the case for any item that may have...
by PTAM | Mar 14, 2016 | Accounting, Capital Gains Tax, Taxation
It is generally accepted that an exemption to capital gains tax applies to the family home, or “main residence”, and the main residence exemption usually applies for only one home at any given time. But there is a rule in the tax law that allows for a taxpayer to have...
by PTAM | Mar 4, 2016 | Accounting, Taxation
Property investors using negative gearing have been warned that their ability to do so will be significantly curtailed if a Labor government is elected later this year. A policy announcement on negative gearing released during the recent NSW Conference of the...
by Kelly | Feb 23, 2016 | Accounting, Office, Staff, Technology
I am always looking at ways to improve things at PTAM internally and also for our clients whether this be systems, procedures, software or being in tune with our clients specific industries. I recently read a blog post from Workflow Max about ‘Prioritising Tasks’...
by PTAM | Feb 22, 2016 | Accounting, Superannuation
In October last year we introduced you to a client named Katrina through an article titled SUPER… What happens when it is not paid? Katrina is still wondering “Where is my superannuation?” Katrina worked on a salary for the same employer for almost 10...
