Covid-19 and all these lockdowns are exhausting, we know. While we are super grateful we can work from home and look after you, we understand that for many of you work has been cancelled. The arts, tourism and hospitality seem to be hit the worst, and over and over. Most of our clients are small...

Covid-19 and all these lockdowns are exhausting, we know. While we are super grateful we can work from home and look after you, we understand that for many of you work has been cancelled. The arts, tourism and hospitality seem to be hit the worst, and over and over. Most of our clients are small...

I personally cannot imagine retiring, but maybe that’s because I’m only 30. But, when I do, I am pleased to know I am building my Superfund to fund my super retired lifestyle I plan on having one day.

Most people assume they cannot access their Super until they retire. The purpose of...

Just send money to the super fund and you are good to go, right? Wrong! Money in your super account gets ‘tagged’ in a way to indicate how that dollar should be taxed later, whether it can be used as a deduction now, and how it can be pulled out of the account (and paid to you)...

Ever wanted to have super powers? Me too. I’m trying to choose between invisibility and reading minds. One superpower I do have though is my Superannuation. It’s like this nice little plant I’m growing that one day will hopefully be a giant fruit tree that feeds me and my...

Oh the places you’ll go! 

Your job or your business activities might require you to travel nationally or even internationally. These trips come with added expenses, so it is important to understand what records to keep and what you might be entitled to deduct at tax time.

What are...

***updated 25 Sept 2020***

Who would have thought we would still have people in isolation in August, and be discussing JobKeeper extensions? I certainly had expected the world to be in a better position by now.

Alas, here we are... but thankfully there is some help continuing with JobKeeper...

In a previous blog on car expenses, we touched on buying a car in your company and possible FBT (Fringe Benefit Tax) implications of providing cars to your employees. Let’s jump in and explain it in more detail.

Is a car an asset?

Yes, a car is considered an asset to your business (even if...

Welcome to a whole new tax! Did you know that there are taxes and reporting requirements (for some people) beyond the year end income tax returns we all do? You might have heard about GST (good and services tax), or CGT (capital gains tax), but today we’re looking at Fringe Benefits Tax AKA...

What is a Fixed Asset Register?

It’s all in the name… a Fixed Asset Register is a list of fixed assets that are owned by a business. It is used to keep track of assets, their book value, purchase date and to calculate their depreciation. In most cases, you can find your Fixed Asset...