For a lot of companies in Australia, a company vehicle is a necessity for their employees. Up until recently, only companies that provided their employees with a utility vehicle, taxi, or panel van were exempted from paying Fringe Benefits Tax associated with their company vehicles, while any passenger-type cars were not. Electric vehicles have [...]
Australia’s Director Identification Number (DIN) regime came into effect on 1 November 2021, as you are a director of a company, you are required to register. You only need to apply for one Director ID no matter how many companies you are a director of. Who needs a director ID? All directors of a company, registered [...]
With the holiday season upon us, it is customary for businesses to present their customers, suppliers, staff, and associates with gifts. Christmas parties are also a tradition for many businesses come December. However, end-of-the-year related costs for a business carry a wide range of tax treatments. The following guidelines will help you to apply the [...]
As a business grows new entities are frequently created to perform functions in the business group. In most cases, these new entities will have associated compliance requirements, which will generally include GST obligations. The additional compliance requirement for new entities generates administration costs to ensure amounts are correctly reported and remitted to the Australian [...]
Chris is an Accountant at Hoffman Kelly and has worked here for just under a year. We asked him to tell us in his own words what a few of his favourite things are, past experiences and what life is like at Hoffman Kelly. How long have you worked at Hoffman Kelly and what brought [...]
