Reduce company tax – accruing director fees

Disclaimer. This blog post is a general discussion only, it is not intended as personalised advice. Professional services from accountant and lawyer are strongly recommended. One of the common tax planning strategies for family-owned companies is accruing director...

2015 FBT! What’s New?

As an employer, you must understand and your Fringe Benefit Tax (FBT) obligations to avoid significant penalties from the Australian Taxation Office (ATO). FBT is a tax paid by employers and it is separate from income tax.  It is based on the taxable value of non-tax...

SuperStream! Are You Ready?

In the past, you were able to simply pay all superannuation contributions by using the BSB code and account numbers of your employees’ superfund without any issue, but this will change from 1 2015. Without going into too much jargon. Here are some quick points to...