Is that a travel allowance or LAFHA?
Travel allowances are paid to employees where in some cases the period away from home is less than 21 days, and in others, more than…
Travel allowances are paid to employees where in some cases the period away from home is less than 21 days, and in others, more than…
Christmas will be here before we know it, with smarter business owners already planning their end-of-year festivities. Celebrating the season can be team-building or just…
Hand in your own till? Beware Division 7A Business owners of private companies often borrow money from their own companies for all sorts of reasons.…
A profit that arises from the carrying out of a profit-making undertaking or plan (that is, one with a profit-making intention) will be assessable as…
Under Australia’s taxation regime, resident taxpayers are subject to income tax on both income derived in Australia and on foreign sourced income. As a general…
Have you ever gone to pay for your coffee or lunch and saw the tip jar at the local café counter, and wondered how (or…
Click here for a pdf version of this article. Tax and Christmas party planning Christmas will be here before we know it, with smarter business…
Changes to the depreciation of intangible assets Business taxpayers will know that asset depreciation is an important aspect to their business’s tax health and longevity.…
Tax file numbers (TFNs) are so much an everyday element when dealing with tax and the ATO that many taxpayers won’t give it a second…