by Cindy Su | Mar 21, 2024 | All, Business, News and Updates
What is Fringe Benefits Tax (FBT)? Fringe Benefits Tax, commonly known as FBT, is a tax employers pay on certain benefits they provide to their employees, including their employees’ family or other associates. The benefit may be in addition to, or part of, their...
by Cindy Su | Mar 18, 2024 | All, Business
What is an ABN? An Australian Business Number (ABN) is a unique 11-digit identifier that allows businesses in Australia to interact with various government departments, including the Australian Taxation Office (ATO), and the community. It’s used for various tax...
by Cindy Su | Feb 29, 2024 | All, Business
What are Fuel Tax Credits? Fuel tax credits are a financial return for businesses to offset the cost of fuel tax, including excise or customs duty, on fuel used in business operations like running machinery, equipment, heavy vehicles, and light vehicles on private...
by Cindy Su | Feb 15, 2024 | All, Business
What is record-keeping? Record-keeping is the systematic organisation of all business financial activities, crucial for depicting your business’ fiscal health. It involves documenting transactions, managing payroll, and ensuring compliance with financial and...
by Cindy Su | May 15, 2023 | All, Business, Property, Tax and Accounting
The 2023-2024 Federal Budget was introduced amid daunting economic challenges, including high inflation, escalating interest rates, a persistent housing supply crisis, and an unstable global financial market. Nevertheless, the budget offers a glimmer of hope as it...
by Ed Chan | Apr 13, 2023 | All, Business
Are you an Employer At a glance: The Fair Work Ombudsman is currently focusing on payroll governance including ensuring pay slips requirements are met. You should Payroll governance measures are important to ensure that you comply with requirements. Contact us if you...