The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the key hot spots for employers and employees.
Since no one knows when they will pass away, estate planning should be on everyone’s agenda, as it is important in ensuring that your wishes are known and respected by your family and friends.
For small business owners, having good cash flow can sometimes be the most important thing on their minds. If the business is strapped for cash, owners can spend valuable time worrying about how they're going to pay employees and creditors when they should be focused on growing their business.
Are you the trustee of a self-managed super fund (SMSF)?
Do you want to invest in a property inside super?
Do you have a long-term investment timeframe?
Why do you own a business? And how can you make your business worth more when you want to sell it?
If you’re trying to decide whether you’re better off with a car lease, car loan or going with hire purchase instead, the following comparison table may be useful to you.
If you, like many others, do a little extra work on the side or even have your own weekend business to bring some extra money in, do you know how to calculate those profits when tax time rolls around? One of the easiest ways is to obtain an Australian Business Number, or ABN.
It’s tax time again. What can you claim to reduce your tax? Check out potential tax deductions below.
Whether starting a new business or contemplating changing your current business model, it is important to choose the right structure to enable the best management of your business. Various tax implications, costs, and personal risks and liabilities associated with each business model are important to consider when choosing how best to structure your business. You should be aware of the structures available to you and the strengths and weaknesses of each type so you can make an informed decision, but it is also important to talk to your accountant about the different structures, as they have a thorough knowledge of each and can help you make the right choice for your business.
Don't get caught out - here are the due dates for income tax returns, activity statements, superannuation contributions and PAYG summaries
Today's the day! The End of Financial Year is here and we're sure you have plenty of things to do.
Below are details of important lodgement deadlines and tasks you must complete in the next few weeks so you're ready for the 2018 financial year. We also wanted to let you know about and some new information we've uploaded to our Resources page for you to help you compile your 2017 tax returns.
We at Stone Accountants & Advisors are here to help you make smart financial decisions now so you can have a beautiful financial future. One way we do that is through careful tax planning! If you haven’t met with us yet, now is the time to contact us to arrange a tax planning meeting, so we can help you limit your tax payments, and grow your wealth.
From 1 July 2017, a new tax measure will come into play for small businesses, and we’re here to help prepare you for this tax change.
On 31 March 2017, the Fringe Benefits Tax (FBT) year ends. The ATO will be reviewing whether all employers who should be paying FBT are, and that they are paying the right amount.
Being a freelancer is great in many ways, but it can also be quite difficult, especially when it comes to taxes.
There are 5 key things all business owners must consider right now. Some of them are brilliant wealth creation ideas. Please read on…
These are the biggest changes in the last 10 years. They are significant. Most of these changes will take place on 1 July 2017. That’s why we need to start planning ASAP with you.
The expert Stone Accountants Team have spent the past 3 months creating a number of cutting edge and brilliant strategies to help you.
There are 3 key actions for you right now.
As you may know, the Australian Government has changed the income tax rates and superannuation requirements for working holiday makers, affecting their employers as well.
When the 2016 Budget was handed down, there was a lot of focus on the superannuation reforms that it contained (let's face it, there wasn't much else in it to focus on!).
I was watching one of the early morning news shows on television this morning and they were talking about credit card debt.
Finally, some good news on the tax front – a small rate decrease for some of us. In the May 2016 Budget, it was announced that tax thresholds would rise for the middle tax rate. As of 1 October 2016 this will take effect.
Property ownership is something that most Australian's aspire to, however as housing prices rise affordability falls making the dream, in many cases, just that – a dream.
One of the most common issues faced by small businesses is cash flow. As a small business you are extremely reliant on your customers to not only pay you, but to pay you on time.
So you've started a business and you are starting to gather new customers, but is there a secret to not only maintaining momentum, but building it as well?
Setting up any new business brings with it a significant number of expenses, some of which can even be claimed as tax deductions.
One of the most popular expense claims at the end of a financial year would have to be related to car usage. But it could also be one of the most misunderstood.
In years gone past, work was work and a hobby was something you did in your spare time. But in recent times the lines between the two have blurred somewhat.
Don't get caught out, here are the due dates for tax returns, BAS statements, Superannaution Fund returns and PAYG summaries
How do I know if I need to pay FBT? What is exempt from FBT? And what to be aware of come 1 April 2016.