Latest Blog Posts
Helping businesses to grow & improve cashﬂow.
What every employer needs to know about fringe benefits
On 31 March 2019, the Fringe Benefits Tax (FBT) year ended. With the ever increase budget deficits, the ATO will be
reviewing whether all employers who should be paying FBT are, and that they are paying the right amount.
To help you meet your fringe benefits obligations, we’ve put together a list of essentials every employer needs to know about FBT and review every year, such as:
- Should I be registered for FBT?
- What information do I need to give my accountant?
- What is exempt from FBT?
- How can I reduce my FBT liability?
- Are the benefits I pay my employees minor and infrequent?
- Do I need to review our salary sacrifice agreements?
Should I transfer my business premises to my SMSF?
One of the advantages of self-managed super funds (SMSFs) is the ability to acquire a business real property (BRP), such as a commercial property, a shop or even a farm through your SMSF.Read More
Exit Strategy: Why a Succession Plan Is Important for your Business and your Family
You started your business with the intention of making it a success yet your long-term vision most likely does not take into account what will happen to your business when you retire or in the event you should not be able to continue working.Read More