by Kelly | Apr 8, 2016 | Accounting, Staff
I’ve always loved reading articles about ‘what’s in my bag’, from photographers to military personnel to office workers. I often get compliments on how organised I seem and how I always have what I need, so I thought what better way to share with people...
by PTAM | Apr 6, 2016 | Accounting, Taxation
It’s not mandatory for a business to have an Australian business number (ABN), but there are a few good reasons why you should. Foremost among them will be that without one, your business will probably feel a whole lot poorer than it should. Other businesses...
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...
