INSIGHTS | NEWS

Previously the ATO has not focused its efforts on Fringe Benefits Tax (FBT) and therefore many business owners have put their heads in the sand and ignored it. But this isn’t a great strategy and..

Despite it having been in place for more than 15 years, Division 7A continues to be a high risk area and the Australian Taxation Office (ATO) regularly monitors. Division 7A is part of the Tax Act..

With small businesses making up at least 96% of Australian businesses we know that many Australian’s are working hard to run their own business. Therefore, where you can get a break to get ahead we..

Small businesses need to manage a lot of ‘balls in the air’ and one of them is tax. Between their own income tax as an individual, company tax, GST and tax withheld for employees there is a lot of..

If you own a business that employs people then you need to know about payroll tax. This is a self-assessed State and Territory based tax imposed on businesses in Australia. The tax is payable when..

It’s almost that time of the year again! For small businesses there may be a sense of dread or trepidation with tax time looming. Nearly all purchases that help in generating income are tax..

Research and Development ("R&D") can provide valuable information and guidance for growing a business. Defining a businesses target market, identifying the customers needs and then developing new..

The R&D tax incentive is a key element of the Government's support for Australia's innovation system. In conjunction with other programs the Incentive helps SMEs to grow, creating further business..