Blog
2013 is a time for??
2013 is a time for? We all start the year reflecting on last year and looking at where we want to be this year. We review our goals from last year, tick off what we achieved, and roll forward any long term outstanding goals. Now more than ever, setting the road map has never been...
Christmas Gifts
Giving to your team Christmas celebrations at your work on a working day are likely to be exempt from FBT. Keep the cost of your celebrations per person below $300 to make sure the event is a minor benefit for FBT purposes and exempt from FBT (including meals, beverages, entertainment, etc.,). Keep any Christmas presents...
Directors personally liable for employee’s super
Directors are now personally liable for unpaid superannuation guarantee (SG) payments to staff. While initially designed to prevent phoenix company activity, the new laws that apply from 1 July 2012, extend well beyond phoenix company activity. How does it work? The new law extends the director penalty and estimates regime beyond PAYG withholding to the...
Building & Construction
Businesses primarily in the building and construction industry are required to report the total payments they make to each contractor for building and construction services. You should be keeping records of relevant contractor payments, including: ABN Name Address Total gross amount they were paid in the financial year (total paid, including GST) Total GST included...
Accounting and Taxation
Sep2012 BAS Don’t forget the end of the quarter is coming very soon. To make the most of your quarter, bring forward any payments to before 30 September and defer and income payments until the 1st of October. If you need any large machinary or tools, now is the time to buy them. If you...
