Since March 2018, project bank accounts (PBAs) have been required for certain Queensland Government projects valued between $1 million and $10 million (including GST). To simplify the regime, in 2020, the Queensland Government amended the Building Industry Fairness (Security of Payment) Act 2017 (the BIF Act). Now, Project Trust Accounts are also [...]
As the year speeds by and March 31 approaches, employers and business owners need to consider yet another tax. A payment to an employee that is not wages or superannuation, cash or otherwise, will be considered a fringe benefit and subject to ‘Fringe Benefits Tax’ (FBT), unless it is exempt. That is, 47% (2021) [...]
Amelia is an Accountant at Hoffman Kelly and has worked here for 2 years. We asked her to tell us in her own words what a few of her favourite things are, past experiences and what life is like at Hoffman Kelly. How long have you worked at Hoffman Kelly and what brought you to [...]
