Most business owners dread the idea of having to deal with an audit. They are both time consuming and costly events for any business,...

What is entertainment? Providing entertainment means: providing entertainment by way of food, drink or recreation providing accommodation...

The Australian Taxation Office (ATO) as well as several State and Federal Government agencies are increasingly carrying out random tax...

According to the Australian Tax Law, Capital Gains Tax (CGT) does not apply if a beneficiary inherits a dwelling (or any asset in the...

Is my office Christmas party tax deductible? Tis the season to be jolly! And think about fringe benefit tax!! Oh just us? With Christmas...

Over the past few years we have seen a boom in the investing and trading of cryptocurrency (crypto) and Non-Fungible Tokens (NFT's). In...

An income statement is the document prepared by your employers where you can see your income for the financial year. An income statement...

As the financial year comes to a close on the 30th of June and the tax season begins, you may be questioning whether you want to complete...

If you want to reduce your taxable income while enjoying job perks, Fringe benefits is your answer. Fringe benefits are the “extra”...

GST (Goods and Services Tax) and BAS (Business Activity Statement) are two important components when managing your business and its...