Articles

24 Nov 2013

Time to take that overseas trip

It is that time of year when travel is quite likely to be on your mind. You might be considering a bit of a get-away overseas and potentially…

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19 Nov 2013

NFP Fringe Benefit Tax

Fringe Benefit Tax is payable by employers who provide fringe benefits to their employees. The two fringe benefit concessions available to certain types of NFPs are FBT exemption…

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18 Nov 2013

Tax questions – Is it worth negative gearing my investment property

Investment properties are popular investment choices. Being aware of the tax implications can help you to maximise your benefits. But it is worth stating up front, that the…

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18 Nov 2013

Tax questions – Relocating overseas – What is my tax obligation?

Relocating overseas will not only mean a change in lifestyle and culture, it can also mean a change in your Australian tax obligations. Tax residency The tax outcomes…

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18 Nov 2013

Tax questions – Can I claim my business trip and take a holiday too?

It is very important to understand the rules for claiming travel expenses when your trip combines both business and a holiday. Airfares: If the predominant reason for the…

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18 Nov 2013

Tax questions – Can I claim my car for work?

Yes, a tax deduction is possible if you use your car to produce assessable income. There are two different methods for calculating your expenses: Cents per kilometre Log…

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18 Nov 2013

Tax questions – Can I claim my home as an office?

Claiming home office expenses is available if you carry on a business or use your home for undertaking employment duties. As part of employment Generally, where an employee…

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18 Nov 2013

NFP GST concessions

There is a range of GST concessions available to NFPs. These include: sale of food through tuck shops or canteens are treated as input taxed gifts to NFPs…

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08 Nov 2013

Asset protection – Something for us all to consider

In 1968, US senator Robert Kennedy stated that GDP "measures everything... except that which makes life worthwhile." As accountants our focus is often on measuring things - taxable…

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22 Sep 2013

Protect with internal governance

Broadly speaking, corporate governance is the systems or processes adopted to direct and manage an organisation. It extends to all processes used to ensure proper accountability, probity and…

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