FBT Return – To Lodge or not to Lodge?
Should You Lodge an FBT Return? The Golden Rule for Staying ATO Compliant Fringe Benefits Tax (FBT) might not be top of mind for every business owner, but overlooking it can lead to costly mistakes. Lodging an FBT return isn’t just about compliance—it’s a safeguard for your business. So, should you lodge an FBT return, […]
Fringe Benefits Tax (FBT) 2025
Fringe Benefits Tax (FBT) 2025 The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees. Important FBT issues FBT Exemption for Electric Cars Employers that provide employees with the use of eligible electric vehicles (EVs) can potentially qualify for an FBT exemption. This should normally be […]
Protect Your Business from Payment Redirection Scams
A Costly Mistake: The Rise of Payment Redirection Scams Scammers are getting smarter, and businesses are paying the price. Payment redirection scams cost Australian businesses millions every year. In 2022 alone, payment redirection scams cost Australian businesses $224 million, with small and micro-business losses increasing by 95% from the previous year. A recent Western Australian […]
ATO Reminders: Essential for Small Businesses
ATO’s Small Business Focus Areas for 2025: Stay Compliant and Secure Your Business Future The Australian Taxation Office (ATO) has released its key focus areas for small businesses in 2025. Understanding these priorities can help you avoid costly mistakes and ensure your business stays on the right side of tax compliance. Why Staying ATO-Compliant is […]
Debt-Free: Tips for Small Business Owners
Becoming Debt-Free: A Guide for Small Business Owners Managing debt can be one of the most stressful challenges for small business owners. While it might feel overwhelming, there are practical steps you can take to regain control. With the right strategies and support, you can handle debt effectively, cope with the associated stress, and steer […]
Party, Presents – and TAX! Oh My!
Celebrate Smart: FBT and Tax Considerations for End-of-Year Parties and Gifts When the end of the year approaches, business owners often look forward to hosting work parties and giving gifts to show appreciation to their teams. While these gestures foster camaraderie and recognise hard work, they come with tax obligations that should not be overlooked. […]
The Medicare Levy and Medicare Levy Surcharge
Demystifying the Medicare Levy and Medicare Levy Surcharge Navigating the Australian tax system can feel overwhelming, particularly when it comes to the Medicare levy and Medicare levy surcharge (MLS). These charges play an essential role in funding public healthcare and influencing private health insurance uptake. Let’s unpack these topics and help you understand who they […]
Compassionate Early Release of Super: Key Insights
Exploring Compassionate Early Release of Super: What You Need to Know Superannuation is meant to secure your financial future in retirement. However, life’s challenges can sometimes demand immediate solutions. For Australians facing genuine hardship, the compassionate early release of super offers a critical lifeline. This option enables individuals to access their superannuation to address urgent, […]
Boost Your Super with Salary Sacrifice
Salary Sacrifice and Your Super: Boost Your Retirement Savings Building a healthy superannuation balance is one of the best ways to ensure financial security in retirement. If you’re looking to grow your super faster, salary sacrificing can be a smart and tax-effective strategy. But how does it work, and is it right for you? Here’s […]
Is Your Business BAS-Ready? Avoid Deadlines Stress
Is Your Business BAS-Ready? Stay Ahead of Deadlines and Avoid Stress Running a business means wearing many hats, and staying on top of your Business Activity Statement (BAS) is one of them. If your business is registered for GST, lodging your BAS on time is a must. But being BAS-ready doesn’t have to be stressful—it’s […]