How To Claim Advertising Expenses
Your customers can’t find you unless you advertise. The good news is that marketing and advertising expenses can be claimed as tax deductions for your small business.
Business Tax
Maximise Tax Deductions on Your Work Car – Are You Getting It Right?
Many Australian use their car for work purposes. There are a range of tax deductions that can legitimately be claimed however it’s HOW you make the claims that makes all the difference to your bottom line.
How To Manage Your Businesses Christmas Expenses
Christmas is just around the corner. It’s a time for festivities and good cheer, but it can also be a time for undue stress and expenses. Additional costs may arise when it comes to your businesses Christmas party, staff holidays and gifts for clients and employees. Here are some tips to help you with your Christmas budget.
Fringe Benefits and Christmas Parties
With Christmas around the corner, you might be considering throwing a party or two for your employees. Before you secure the venue and put your food order in, make sure you know your fringe benefits tax implications.
Reporting, Lodging and Paying FBT
Did you know if you pay your employees to reward o motivate your staff, these fringe benefits will incur tax and you will need to report the amounts in your quarterly BAS?
How Do You Calculate Fringe Benefits Tax?
Providing your employees with Fringe Benefits is a great way to let your staff know that you recognise and appreciate their contributions towards your business, but you have to understand, it’s not just a giveaway. Any extra benefits or perks you provide to your employee is seen as a part of their wage or salary and is deemed taxable income in the eyes of the ATO.