Serving Sydney’s Inner West
When many people think of fringe benefits tax, most automatically think Entertainment – boozy lunches and tickets to the corporate box. But entertainment includes a very wide variety of activities – from free movie tickets to junkets to foreign destinations. But as with all tax related matters, not all entertainment is taxed equally. Continue reading “When is entertainment a fringe benefit?”
Want to sort out your Assets from your Accruals? Here are some commonly used accounting terms so you can talk like an accountant! Continue reading “Sorting through the accounting jargon”
London’s calling and you’re about to head overseas on an adventure. You plan on being away indefinitely and hope to land the dream job in the UK. Sounds like a great plan, but what about the tax consequences? Will you need to lodge a tax return? What about the salary you earn while you’re away – it won’t have to be declared here. Or will it? The answer depends on whether you are considered an Australian resident for tax purposes. Continue reading “Australian tax resident? It’s different to being a citizen…..”
At this time of year, I often get asked about PAYG income tax instalments – mostly because you’ve just lodged your return and the Tax Office have sent you a letter. So if you’re in that position, here are the answers to some of the frequently asked questions. Continue reading “PAYG income tax instalments… Frequently Asked Questions”
5 financial lessons every parent should teach their child when they get their first job
A first job for a teenager is a big milestone. Not only do they get to earn their own money, but they revel in the independence, it’s a rite of passage and an important time in their lives. Continue reading “5 financial lessons every parent should discuss with their child when they get their first job”
You may have heard some noise from the Tax Office about Single Touch Payroll. If you have more than 20 employees, you should know exactly what it involves because it should be implemented by now. If you don’t have more than 20 employees, it will still happen, you just have a little longer before you must transfer over to the system.
So, what is Single Touch Payroll (STP)? Continue reading “Single Touch Payroll – what is there to know?”
Congratulations! You’ve landed a great new gig with a company you really want to work with. But, they’ve asked you come on board as a contractor.
Here’s what you need to know before you accept their offer because there are some significant differences in how you’d be working. Continue reading “Do I want to be a contractor?”