PO Box 525, Bentleigh, Victoria, 3204

Category: Small Business

All in! #STP Payroll reporting 1 July 2019

Whether you are an employer or employee, the new reporting regime for payroll called Single Touch Payroll (STP) will impact you from 1 July 2019. All employers must now be in STP regardless of the number of employees – full time, part time or casual. STP means that payroll information […]

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When is cash not legal tender?

Do you have $100 note in your wallet? There are around 350 million $100 notes (affectionally called “Kermits”) in circulation, so each of us should have 14! If you answered no, then where is your share. If you answered yes, “Have you been to the Casino?” or am I suspecting […]

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Buying a car? Company or private? Watch out for FBT!

I’m going to purchase a car in my company name to get back the GST. Sounds like a good idea, but beware of the FBT consequences. You know there will be some private use on that car, so it is good to consider this up front, before the FBT bill […]

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Lost your car or car park? FBT season is fast approaching

Now is the time to start thinking about any exposure you may have to Fringe Benefits Tax.  You may think that all the great non-salary benefits you provide your most valued assets are either under that magical $300 or “otherwise deductible”? Well done. However, there are always few tricks and […]

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