The Fair Work Commission has determined that a Philippines based “independent contractor” was an employee unfairly dismissed by her Australian employer. You may be curious how a foreign national living in the Philippines, who had an ‘independent contractors’ agreement with an Australian company, could be classified as an Australian employee by the Fair Work Commission? […]
READ MOREStrategies to Ensure Prompt Payment Over the Holiday Season
Although you may hate to admit it, the holiday season is almost upon us. Depending on the industry that you are operate in, the holiday season may either present you with a range of advantages, or challenges (or both!). Businesses often encounter unique cash flow challenges over the holiday period due to the seasonal nature […]
READ MOREEmpower Your Business: Enhance Decision-Making with Business Insights Reporting
In today’s dynamic business landscape, understanding the intricate relationship between profit, cash flow, and overall business value is paramount. While many business owners can decipher profit and loss statements, the gap between profit and cash flow often remains a mystery. This article serves as a guide for business owners seeking to harness the power of […]
READ MORETop Tips to Avoid Paying FBT This Holiday Season
What is Fringe Benefits Tax (FBT) Fringe Benefits Tax (FBT) is a tax levied by the Australian government on certain benefits provided by employers to their employees, their employees’ family members, or other associates in connection with employment. These benefits are separate from an employee’s salary or wages and can include perks such as the […]
READ MOREEssential cash acceleration strategies
As the holiday season approaches, business owners often grapple with a pressing question: “How can I maintain cash flow during the Christmas and New Year period?” The ability to manage cash flow effectively during the festive season is fundamental and can significantly impact your business success going into the new year. In this comprehensive article, […]
READ MOREUnlock insights with your business benchmarking report
Stay ahead of the competition in today’s dynamic business landscape by gaining a comprehensive understanding of industry trends, performance benchmarks, and best practices. Our Industry Benchmarking Report empowers you to assess your business against the industry standard, providing a clear picture of where you stand. What will you discover with our Industry Benchmark report? Discover […]
READ MOREIs it time for a business structure review?
In the dynamic landscape of business, owners frequently face challenges that require them to adapt and evolve. It is crucial to recognise the trigger points that indicate the need for a review of the business structure, and to be proactive in seeking professional guidance. By engaging in such discussions, business owners can understand the potential […]
READ MOREMinimise your Tax Liability with Smart Tax Planning Strategies
Let’s be honest, no one enjoys paying tax – and you should never pay more than you have to. This is why smart tax planning strategies are so important! As we approach the end of another tax year, it’s time to take a proactive approach to managing your taxes. In this article we will share […]
READ MOREA warning for business owners amidst ATO crackdowns on FBT
As a business owner, you must assess whether you are obligated to report FBT for your employees. FBT, or Fringe Benefits Tax, is a tax that is levied on non-cash benefits that employers provide to their employees in addition to their salary or wages. We have received notice from the ATO they are beginning to […]
READ MOREThe ATO’s final position on risky trust distributions
The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions – changing the goal posts for trusts distributing to adult children, corporate beneficiaries, and entities with losses. As a result, many family groups will pay higher taxes because of the ATO’s more aggressive approach. For reference, […]
READ MORE