Avoiding the FBT Christmas Grinch!

Avoiding the FBT Christmas Grinch!

It’s that time of year again – what to do for the Christmas party for the team, customers, gifts of appreciation for your favourite accountant (just kidding), etc. Here are our top tips for a generous and tax-effective Christmas season: For your business Tax...
Cyber Scammers

Cyber Scammers

If it sounds too good to be true, it probably is   Whether it is promises of high guaranteed investment returns without any risks, get rich quick Crypto schemes or unexpected refunds from Centrelink, the old adage “If it sounds too good to be true, it probably...
30 November director ID deadline

30 November director ID deadline

The deadline for existing directors of Australian companies to obtain a Director Identification Number is 30 November 2022. All directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation (ATSI)...
How high will interest rates go?

How high will interest rates go?

Low interest rates have been a mainstay since the global financial crisis of 2008. When the pandemic hit, Governments pushed stimulus measures through the economy and central banks reduced interest rates even further. Coming out of COVID, housing market demand was...
Taxing Fame: The ATO’s U-turn 

Taxing Fame: The ATO’s U-turn 

Sportspeople, media personalities, celebrities and ‘insta’ influencers beware. The ATO has taken a U-turn on how fame and image should be taxed. If you’re famous and make an income from your fame and image, the way the ATO believes you should be taxed on the income...
Can you prevent a hack?

Can you prevent a hack?

In the wake of the Optus data leak, legislation before Parliament will lift the maximum fine for serious or repeated breaches of the Privacy Act from $2.2m to up to $50m. But there are no guarantees that even the strongest safety measures will prevent an attack. So,...