Tax Saving

Navigating Fringe Benefits Tax: What Small Business Owners Need to Know

As a small business owner, you're juggling multiple responsibilities, from managing operations to keeping an eye on finances. However, one thing you shouldn’t let fall to the wayside when it comes to your finances is Fringe Benefits Tax (FBT).  With the FBT year coming to an end on March 31st, understanding and managing your [...]

Navigating Fringe Benefits Tax: What Small Business Owners Need to Know2024-03-27T08:32:22+10:00

Stage 3 Income Tax Changes: Implications for the Medical Profession

In recent months, Australia’s government has shifted away from the long-promised Stage 3 tax reforms, originally legislated to mostly benefit high-income earners, to changes which instead benefit workers at lower income levels. These shifts have ignited discussions across various sectors.  While sitting in a hospital waiting room for what seemed like an age, I [...]

Stage 3 Income Tax Changes: Implications for the Medical Profession2024-03-26T13:28:50+10:00

Unlocking Profitability & Margins: A Fundamental Guide for Business Owners

Having a solid understanding of profitability and margins is the bread and butter of any successful business. These financial metrics serve as vital signposts, guiding business owners toward informed decisions that can bolster their bottom line and ensure long-term success. So, let's explore the fundamentals of profitability and margins, and unpack actionable strategies to [...]

Unlocking Profitability & Margins: A Fundamental Guide for Business Owners2024-02-13T15:54:40+10:00

Merry & Tax Savvy: Your Guide to Festive Deductions

As the holiday season approaches, many of us are eager to spread Christmas cheer through gifts and donations! While the joy of giving is undeniable, before you dive headfirst into the festivities, it's essential to consider the tax implications associated with your generosity. This guide will help you navigate the complexities of tax deductions, [...]

Merry & Tax Savvy: Your Guide to Festive Deductions2023-11-28T08:32:51+10:00

Unlocking Employee Benefits: Navigating FBT Implications for Small Businesses

In the dynamic world of small businesses, offering enticing employee benefits can be game-changing for staff recruitment and retention. From additional super contributions to providing perks like motor vehicles, phones, and concert tickets, these offerings not only enhance your employees' experience but also carry significant tax implications that need careful consideration. Let's delve into [...]

Unlocking Employee Benefits: Navigating FBT Implications for Small Businesses2023-10-26T10:23:07+10:00

Unlock Tax Savings with Carry-Forward Concessional Contributions

Are you eager to make the most of your superannuation and save on taxes? Tapping into an unused concessional contributions cap could be a savvy way for you to unlock tax savings! In this article, we will help break down what concessional contributions are, who can benefit from them, and how you can harness [...]

Unlock Tax Savings with Carry-Forward Concessional Contributions2023-09-27T08:25:35+10:00

6 Changes to Your Business & Personal Tax Returns From July 1st

Are you ready for tax season? Well, whether you're excited or dreading it, there are some important changes coming to the Australian tax system on July 1st, 2023. These changes could have a significant impact on your bottom line, so it's important to be aware of them. To help you get more clarity on [...]

6 Changes to Your Business & Personal Tax Returns From July 1st2023-06-29T07:50:26+10:00

Fringe Benefits Tax: Essential Information for 2023

Are you an Australian employer providing non-cash benefits to your employees? Then you need to know all about Fringe Benefits Tax (FBT), the tax imposed on such benefits.  The FBT year runs from April 1st and ends on March 31st. Employers who provide fringe benefits to any employee or associate must lodge an FBT [...]

Fringe Benefits Tax: Essential Information for 20232023-03-24T08:44:51+10:00
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