With the legislative changes for FBT implemented as  of 1 April 2016, it is important to get familiar with the new regulations. Some modifications have been made to salary sacrificed meal entertainment and entertainment facility leasing expense benefits, which may affect you. Some of the changes will affect all employers, whereas others will affect non-profit employers as … Continued

The success of any business, large or small, depends largely on nurturing an efficient, productive workplace. While improving employee productivity should be always be a priority when the ultimate goal is a sustainable and profitable business, the process is easier said than done. Below are some of the most effective methods of managing a productive, … Continued

Parliament recently passed legislation amending the taxation law to impose withholding obligations on the purchasers of certain Australian assets – generally property purchased from a non-resident.  However, the changes will affect most purchases of property in Australia. The amendments impose a 10% withholding obligation on purchasers of ‘Taxable Australian Real Property’ (generally, this means an … Continued

If you own a holiday home, it is important that it is treated correctly for taxation purposes. Here is a guide to the taxation implications of your holiday home. Holiday homes that are not rented out do not need to be included in your tax return, until you sell it. You must keep records from … Continued