by PTAM | May 5, 2016 | Accounting
On Tuesday 3rd of May 2016 the Federal Treasurer Scott Morrison delivered his first budget titled “Jobs & Growth”. Who were the big winners on Budget night and what do the changes actually mean to you? Superannuation reform changes New lifetime cap for...
by PTAM | Apr 17, 2016 | Accounting
Although the transition to Standard Business Reporting (SBR) might be getting a lot of attention, there are several other strategic digitally-based analytics projects underway at the ATO. For example, its Smarter Data Program, which the ATO pre-empted through its...
by PTAM | Apr 6, 2016 | Accounting, Taxation
It’s not mandatory for a business to have an Australian business number (ABN), but there are a few good reasons why you should. Foremost among them will be that without one, your business will probably feel a whole lot poorer than it should. Other businesses...
by PTAM | Apr 4, 2016 | Accounting, Fringe Benefits Tax
With the 2017 FBT year only 4 days old, let’s have a look at some of the benefits that do not attract FBT. The items that do not attract FBT include: a birthday present given to a child who works in a business run by the parents a wedding gift given by parents...
by PTAM | Mar 29, 2016 | Accounting, Taxation
With tax time on the horizon, there may not be a better time to hit the shops for a new handbag. In recent weeks The Australian Tax Office has confirmed that handbags used for work are tax-deductible in certain situations, but as is the case for any item that may have...
