Guide: Tax on Christmas Gifts & Parties
Christmas is a great time to say thank you to employees and clients with Christmas gifts and parties. But, watch out for Fringe Benefits Tax (FBT). The rules are not at all straight forward, and getting it wrong can be costly. GST, Income Tax deductions and Fringe Benefits tax all must be considered. Is your […]
JobMaker – The new proposed rules
The federal opposition thinks the wage subsidy will not encourage employers to employ new staff, especially small business, due to the low amount and the complicated eligibility requirements. The new rules Under the proposed rules, a business can receive up to $200 a week for every eligible additional employee between the ages of 16 to […]
Notes on Hiring Holiday Workers
The holiday season may require businesses to employ additional staff to cope with extra demand. The current situation has lead to some significant confusion in the small business community. The uncertainty around our current circumstances has led to some hesitation when employing holiday casuals. Business looking for holiday staff should consider: Hire the least number […]
Time to Consider Your New Years Budget
With the end of year fast approaching, now is the time to consider your new years budget. Start by looking at your sales; consider how it has changed from previous years. And don’t be too optimistic. It’s always better to set a pessimistic budget and outperform it. If you underperform, you might find your self […]
