Fringe Benefits Tax (FBT) is a tax that is levied on the non-cash benefits provided to employees in addition to their salary or wages. FBT is a separate tax from income tax and is paid by the employer, not the employee. Here are some reasons why businesses should consider reviewing their fringe benefits: Compliance with […]
Here are some financing options available for small businesses in Australia: Bank Loans: Small businesses can apply for loans from various banks in Australia. These loans can come with different terms and conditions, including interest rates, repayment periods, and collateral requirements. Government Grants: The Australian government provides grants and funding programs to help small […]
New businesses often have many questions when it comes to their accounting needs. Here are some of the top questions new businesses ask accountants: These questions are just a starting point, and every business has unique accounting needs. An accountant can provide you with personalised guidance and advice tailored to your specific business. Contact […]
Starting a business is an exciting and challenging time. While it may be tempting to handle all aspects of your new venture on your own, seeking the advice and guidance of an accountant can be invaluable. Here are some of the top reasons why start-up businesses should seek the services of an accountant: Seeking […]
Tax planning – why do we recommend it? Tax planning is a great opportunity to look at your business trading for the year to date, assess what goals you have for next financial year, and plan for what tax bill may arise at year end so there are no surprises. Tax planning is usually done […]
We are nearing the end of financial year again. Here are some things to consider to reduce the tax bill or defer some of it to next year: Other things to consider before 30 June: If you have any questions or concerns regarding these, please contact us.
In line with an increase in the Consumer Price Index (CPI) for the March quarter, we increase our fees each year from 1 July. All fees we charge are subject to fee indexation. Here are examples of common fees that apply from 1 July 2015. GST does not apply to ASIC fees. Company fees Business name […]
written by: Ritchie Cruz, Principal Director Do you know that about 60% of small business startups close down after just three to four months of operation? Research surveys have established that many business owners shy away from greater involvement in their small business finance. Furthermore, the majority of small business owners tend to leave their […]
Starting a business is sometimes a reaction to an idea. I have come across many individuals who have a viable idea, then ask around for information on starting a business. Friends and acquaintances want to give their 2 cents worth of knowledge, so they impart with advice such as “apparently you can…” or “I heard…” […]
