With the rise in petrol prices making everyone’s eyes turn to the Federal government for some relief, businesses may be feeling the pinch of the additional expense in running their vehicles. Whether you’re a business owner or simply an individual that uses their car for work-related purposes, fuel is a taxation topic that you might…
GST is an area that commonly has mistakes made in it – mistakes that can be costly and require additional measures to correct it if they aren’t caught in time. Many small business owners continue to make errors when claiming GST credits in their GST returns or Business Activity Statements. A vast majority of these…
If you have been in a situation with your employment where you have been forced to work from home, your taxable deductions could be different to a normal working year. Lockdowns, a hybridisation in work practices and increased flexibility due to newer technologies on where we’re now able to work, now mean that careful consideration…
As a part of your employees’ employment contracts, do they receive benefits such as a car space, gym membership or even a car to drive? These are what’s known as fringe benefits, which is a ‘payment’ to an employee that takes a different form to salary or wages. This incurs a specific kind of tax…
