Category Archive for :‘taxation’

The Importance of Tax Planning

The Importance of Tax Planning

Itʼs that time of year again when we discuss with our clients the importance of effective tax planning. Tax planning is an essential tool for any business to undertake each year in order to...

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GST Changes on Imported Goods

GST Changes on Imported Goods

There’s been much talk and misinformation in the media over a fair share of tax being paid by overseas retailers, so we thought it was timely to provide you an overview of the current and pending...

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Government Push for Lower Company Tax Rate Succeeds

Government Push for Lower Company Tax Rate Succeeds

Businesses with a turnover up to $50 million will enjoy lower company tax rates in a deal finally stitched up last week by the Federal Government.

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Are You Ready for the End of the Fringe Benefit Tax Year?

Are You Ready for the End of the Fringe Benefit Tax Year?

Fringe benefits tax (FBT) is a tax payable by employers on benefits that are provided to their employees and their associates. The FBT rate for 2016 and 2017 is 49%.

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Reminder to Register Your Working Holiday Makers

Reminder to Register Your Working Holiday Makers

The tax rates for working holiday makers on a 417 or 462 visa changed on 1 January 2017. They now pay 15% tax on all income up to $37,000 after which foreign resident tax rates apply.

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New Tax Tables

New Tax Tables

If you use desktop software to manage your accounts, then a reminder you’ll need to update your tax tables to reflect the changes that came in on 1 October 2016.

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Tax Strategies for EOFY

Tax Strategies for EOFY

With the end of financial year fast approaching once again, it is a good idea to refresh your knowledge on some common tax tips and traps that are often overlooked in the rush to June 30.

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Audit Insurance can save thousands

Audit Insurance can save thousands

Protect your business from the expense of ATO Audits

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Minimum Wage Increase

Minimum Wage Increase

The Minimum Wage increase of 2.4% starts 1 July 2016

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Planning for your Tax and your Business

Planning for your Tax and your Business

Planning for Tax should be included in your annual Business Planning process. Evaluating your businesses financial situation is critical to affording growth plans, and ensuring your business is...

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