Accounting
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Fringe Benefits Tax 2024
- 27 March 2024
- Posted by: runningthenumbers
- Categories: 2024, Fringe Benefits Tax, Subcontractors, Tax, Work From Home
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The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees including work from home arrangements, electric cars and business assets used personally.
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Small Business Technology Investment Boost
- 8 July 2023
- Posted by: runningthenumbers
- Categories: 2023, Accounting, Income Tax, Tax
The ATO is here to support you with the Small Business Technology Investment Boost. This initiative allows eligible small businesses to claim an additional 20% tax deduction to enhance their digital operations.
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Get Your Business Records Ready for Your Tax Return 2022
- 7 June 2022
- Posted by: runningthenumbers
- Categories: 2022, Accounting, Income Tax, Tax
Organising your end-of-financial year documents now means you can get your tax completed earlier and maximise your return. Book a your tax return appointment now and rest easy knowing it’s under control.
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2022-23 Federal Budget Highlights
- 1 April 2022
- Posted by: runningthenumbers
- Categories: 2022, Accounting, Income Tax, Tax
The 2022-23 Federal Budget is a safe, ballot box friendly Budget as expected with a focus on cost of living, home ownership and health.
Key Initiatives include fuel excise cuts, the living tax offset and increased deductions for training and digital adoption.
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Understanding the Basics of Personal Income Tax
- 16 March 2022
- Posted by: runningthenumbers
- Categories: 2022, Accounting, Income Tax, Tax
Do you understand your personal income tax, what you have to declare, and how much you can claim?
We can help get your taxable income correct, maximise allowable deductions and get the best tax return.
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New Family Trust Tax Rules – Will the Changes Impact You?
- 16 March 2022
- Posted by: runningthenumbers
- Categories: 2022, Accounting, Beneficiaries, Trusts
The ATO’s new directives on the taxation of trust distributions mean it’s essential to review arrangements before the new rules start on 1 July 2022.
Book a planning session to ensure you’ve got the best beneficiary arrangement for your family. -
Christmas Parties and Presents – and Tax!
- 1 December 2021
- Posted by: runningthenumbers
- Categories: Accounting, Fringe Benefits Tax
Planning a Christmas party? Giving gifts to clients and suppliers? Paying a Christmas bonus? Talk to us to see if you can claim all or part of the cost as business expenses. Don’t get caught out by tricky entertainment rules!
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Company Director? You’ll need a Director Identification Number
- 5 November 2021
- Posted by: runningthenumbers
- Categories: 2021, Accounting, Company
New laws mean company directors need to get a unique director ID number from November 2021
Talk to us if you have any questions about the new registration requirement.
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2021 Year End Tax Tips for Individuals
- 15 June 2021
- Posted by: runningthenumbers
- Categories: 2021, Accounting, Tax
Are you making the most of your allowable tax deductions? Individuals can claim for general work-related expenses as well as occupation-specific expenses and working from home. Book a time now to prepare for your 2020 tax and we’ll help maximise your return.
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Key points in the Federal Budget 2021-2022
- 20 May 2021
- Posted by: runningthenumbers
- Categories: Accounting, Federal Budget
The Federal Budget 2021-22 is all about economic recovery, including tax cuts, business incentives and investment in training. Many changes in the budget can benefit individuals and business owners. Talk to us to find out how the changes impact you.
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