There are a number of factors that determine the cost of an insurance policy. A cheap life insurance or income protection insurance policy doesn’t necessarily mean it’s an inferior one, and by the same token, the most expensive policy may not be the best to suit your needs. The price of an insurance policy is … Continued
Fuelled house prices and low interest rates, the level of personal debt in Australia is high compared to many other countries The largest proportion of this debt is often used to purchase a valuable asset – the family home. With careful planning, you might be able to control your household debt and use it to … Continued
Want to hold your Christmas party away from work? You might need to understand the tax consequences of such action to make sure there are no unforeseen tax problems. The costs associated with Christmas parties held off your business premises (for example, a restaurant) will give rise to a taxable fringe benefit for employees and … Continued
When rewarding employees with gifts or parties at Christmas, FBT may apply. Even if your organisation is exempt from income tax, providing food and drink could constitute a tax-exempt body entertainment fringe benefit. There’s good news, though. Some FBT exemptions might apply in your circumstances. I bet you want to know the best way to … Continued