This month we cover several practical updates that matter as we head towards financial year-end. The ATO’s revised EV home-charging rate delivers more generous deductions
This month, we delve into the newly enacted Division 296 superannuation tax, a significant change aimed at ensuring fairness for individuals with large super balances. We also explore the Full Federal Court’s landmark SEPL decision, which clarifies fringe benefits tax implications for family businesses, and unpack the Kilgour case’s impact on capital gains tax valuations in business sales. Plus, we highlight the ATO’s increasing scrutiny on work-vehicle FBT compliance. Stay informed and prepared for these critical developments that could affect your financial strategies and business operations.
Navigating Fringe Benefits Tax (FBT) compliance can be complex for small to medium business owners, especially when determining if you need to report benefits in
FBT updates and problem areas
• The FBT exemption for electric cars
• Does FBT apply to your contractors?
• Overlooking or misreporting FBT on private use of work vehicles
• Reducing the FBT record keeping burden
• The top FBT risk areas
Payday Superannuation Reform is commencing on 1 July 2026. Read all about it…
The Government’s ‘Secure Jobs, Better Pay’ legislation passed Parliament on 2 December 2022. We explore the issues. The Fair Work Legislation Amendment (Secure Jobs, Better
Taking a relaxed approach to leave management can put the health of your employees and business at serious risk. Here are the leading reasons for diligently tracking, managing, and paying leave.
Knowing when a worker is a contractor or an employee can be tricky, but there are penalties if you get it wrong. Learn the key differences that will help you understand the real nature of the employment relationship before you enter into it.
Knowing who your competitors are, how they compare, and what their competitive advantages are is vital business intelligence. Do your research, talk to customers, and find your point of difference. #businessadvice
When the future looks uncertain, what can you do to prepare and strengthen your business? Recent times have certainly shown us that the future path
Everybody has a different learning style, whether it’s visual, aural, written or learning by doing. In your business, you can optimise performance by increasing the communication channels.
Stop playing the ‘O game’ and undermining your team’s performance and start bringing your ‘A game’ to achieve impressive results! #Appraise #Allow #Acknowledge #Success #BusinessResults
What activities fill your ‘well of happiness’? Set aside time regularly to do those things that help you reduce stress, improve resilience, and restore energy. Happiness is essential to your success! #BetterBusiness #10Steps
You monitor your car’s dashboard to avoid running out of gas or blowing up your engine… but do you monitor your business’s dashboard? We can help you set up a dashboard to monitor the key things in your business #BetterBusiness #10Steps #KPIs
Building strong networks is essential for business success. What can you do for others in your network to help them succeed? Giving work to others will encourage referrals in return #BetterBusiness #10Steps
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Get someone independent to hold you accountable! Have you ever set a New Year’s resolution and then reset the same one again the following year?
Are there signs of toxicity in your business? A toxic workplace culture will inhibit the success of your business. We can help you be a better leader and build a stronger culture – get in touch! #BetterBusiness #10Steps
Are you the bottleneck in your business? How many departments are you leading? Are you doing a good job of them all? Get the right organisation structure in place and you’ll free up your time and reduce stress. #BetterBusiness #10Steps
Don’t be a slave to your business! Create a plan so you can extract what you want from your business. Need help developing your Business Plan or achieving your goals? We can help! #BetterBusiness #BusinessPlan
Reflecting on your business’s vulnerabilities and defining where your business is at, warts and all, is a crucial step to #BuildABetterBusiness. Knowing your starting point will clarify how you’ll reach your endgame.
Inside this month we explore 2021 Risks & Opportunities – the focus of Government incentives, Australia’s relationship with China, and more!
Be open to change and to learn It’s amazing what we, as humans, don’t even know that we don’t know. New learning opportunities are everywhere,
Christmas is a great time to acknowledge and reward your employees and other associates by celebrating and giving gifts. But don’t get caught out by
Define what success looks like for you What exactly does your better business look like? Be crystal clear on what you want from your business
There’s no magic bullet to building a better business; it’s about taking small steps every day to get a bit better than the day before – it all adds up! Get in touch to find out more about the #10Steps to build a #BetterBusiness
High-value transactions, estimated values, commissions and fees, local regulations – real estate accounting is uniquely complex. We can help make it simpler.
When CGT assets – such as shares and property – are sold, CGT may payable. However, the family home may be exempt if not used
Download our latest issue of Your Knowledge to keep up with the latest business taxation news. Would you like to join our mailing list? Subscribe The
Should your staff be contractors or employees? There are many factors to assess and it’s the business owner’s responsibility to get it right. Talk to us now and we’ll review your workers’ basis of engagement.