Blog

Understanding Fringe Benefits Tax (FBT): What it means for business owners

What Is Fringe Benefits Tax (FBT)? Fringe Benefits Tax (FBT) is a tax employers pay on certain benefits they provide to their employees…

Setting Up a Bucket Company: A Guide to Corporate Beneficiaries for Family Trusts

Introduction: What Is a Bucket Company? For Family Trusts, managing excess income and reducing overall tax liability can be a balancing act. One…

Choosing the Right Business Structure: 6 Key Factors to Consider

When starting or restructuring a business, one of the most important decisions to make is choosing the right business structure. This choice can…

Should You Exclude Foreign Beneficiaries from a Discretionary Trust?

Introduction: Making the Right Decision for Your Trust If you’re setting up a discretionary trust, one of the decisions you may face is…

Wages vs. Dividends: What’s the Best Option for Company Owners?

As a business owner running your business through a Company structure, one of the big decisions you’ll need to make is how to…

Non-Commercial Losses for Sole Traders: What You Need to Know

What Is a Non-Commercial Loss? As a sole trader, your business income and expenses are often intertwined with your personal finances. Sometimes, your…

Buying a Family Home: Owning it in Personal Name vs Other Entity Types

Introduction: The Big Decision— Which Structure to Buy Your Family Home In Buying a family home can be a significant financial decision and…

Maximizing Deductions on Business Travel: A Guide for Australian Entrepreneurs

Making the Most of Your Business Travel Do you often find yourself on the road or in the skies for work? Whether you’re…

Easy Steps to Linking with Your Tax Agent: A Business Owner’s Guide in Australia

Introduction: Simplifying Your Tax Management Are you a business owner looking to change accountants? While the process is straight forward, it’s not as…

FBT and Christmas Parties: Navigating Tax Rules for Festive Celebrations

Hey there, business owners! With the holiday season just around the corner, it’s time to talk about something not-so-festive but super important: Fringe…

The Financial Impact of Late Superannuation Payments: What Australian Business Owners Must Know

Hey there, business owners! Today we’re diving into a topic that can be a real doozy if you don’t get it right –…

The Bonus Tax Puzzle: What Employees and Employers Need to Know in Australia

Hey everyone! There’s a common misconception floating around: that your hard-earned bonus gets hit harder by the taxman. Today, we’re here to demystify…