Latest Blogs
Basics You Must Know About Franking Deficit Tax
You may know about different types of taxes. Among other taxes, one is the franking deficit tax (FDT). In today’s blog, we’ll discuss franking credit, franked distributions & FDT. A franking account records the tax amount paid that a franking entity can pass on to...
How Is Hiring an Accountant in Melbourne a Smart Investment?
An accountant in the company is responsible for managing several tasks from handling the budget, monitoring financial transactions, and giving updates about income and expenses to interpreting financial records. The business owner or entrepreneur needs to maintain,...
When Should You Consider Hiring a Tax Accountant?
Submitting business taxes at the right time can be overwhelming for those business owners who don’t have the required documents. Most business owners don’t have enough time to prepare all the documents before tax lodgment. As a result, they pay taxes late, and due to...
A Guide to the FBT Exemption for Electric Cars in Australia
To support both the budget of Australians and the environment, the federal government has introduced a law that makes electric cars exempt from the fringe benefits tax (FBT). Continue reading this blog to know more about FBT exemption on EVs. Eligibility Criteria for...
Fringe Benefits Tax (FBT) Exemption and Electric Cars
The fringe benefits tax (FBT) exemption on eligible electric vehicles has numerous benefits for electric car buyers but there are some rules that they need to follow. When it comes to FBT exemption on electric vehicles, you might have a few questions and we are here...
Are Electric Cars Exempt from Fringe Benefits Tax?
With effect from 1 July 2022, employers don’t need to pay FBT on electric cars (if they are eligible for this) and associated car costs. However, you need to meet the rules. According to the legislative authority, if the price of electric vehicles falls under $84,916,...
Benefits of Tax Planning with Tax Agent in Melbourne
Whether as a business or an individual, you can get several benefits from tax planning. If you have everything ready before the tax lodgment, you don’t need to face any surprises at the end of the fiscal year. By seeking help from a reliable accountant near your area,...
FBT Exemption on Electric Vehicles: EV Q&As
Helping clients understand how the new FBT exemption applies (and when it doesn't) and making sure deductions are being claimed correctly can be challenging when working with clients to manage the demand for electric vehicles. This is especially true as the operating...
Tax Preparation Tips by the Best Tax Accountant in Melbourne
A small business owner has to manage a number of things. From maintaining customer relationships to marketing and business finances, the list of tasks is infinite. The business tax adds more stress when business owners are not ready to lodge taxes on time. So, it’s no...
Can a Tax Return Accountant Help You Get a Larger Refund?
Many business owners like to manage their business activities on their own. However, a tax agent in Melbourne could help you get a larger refund and save money on taxes in the future. Tax accountants start preparing taxes on your behalf to increase your claim for the...
Speak to Accountants in Melbourne for Your Accounting Matters
An accountant in the company is responsible for managing the budget, providing updates about income and expenses, keeping track of all the financial transactions and interpreting financial records. The business owner needs to analyse, maintain, and compile financial...
Tax Accountant Near Me: Find the Best One Near Your Area
Finding a reliable tax accountant is a more challenging task than you might think. When you hire an accountant for your business, all your tax and accounting matters are managed by that person. Thus, it is important to choose one who is an expert and professional in...
Why Does Your Small Business Need Accounting Services?
Accounting is a vital aspect of every business whether it is a small or large business. Accountants and bookkeepers are important for businesses as they keep track of all the financial transactions of the business and help business owners know the financial health of...
What Can Accountants in Melbourne Do for Your Business?
Every business needs to have someone to look after their business finances so that they can focus on other important activities to grow their business. Apart from managing business finances, Melbourne accountants are responsible for managing a lot more things related...
5 Methods Accountants in Melbourne Use to Grow Your Business
Are you expanding your business? You have been maintaining your invoices and bank accounts so far, but now your business is growing, which is great news. At this moment, managing everything on your own such as managing a pile of receipts, tax returns, bills and so on,...
How Can I Get a Tax Accountant Near Me to Do My Tax Return?
Do you want to get the most out of tax returns at the end of the financial year? Consider hiring a professional tax accountant because accountants can help you find the right and legal tax solutions, claim possible tax...
Can Small Business Accountants Assess Your Financial Health?
Every business owner needs to assess their financial status regularly, check their spending, expenses and forecast future expenses, and make the right financial decisions that will have direct impact on their future. Financial advisors and BAS or IAS small business...
How Accountants in Melbourne can Improve Business Workflow?
Are you thinking of hiring an accountant for your small business but unsure about what they can do for your business? Well, you can be sure that Melbourne accountants can do more than just handle accounting tasks. They act as a financial indicator that can analyse or...
How Can Tax Accountants Increase Business Profitability?
If you are a small business owner, you may look for different methods to grow your business and increase business profit. You can also hire a tax accountant for your business to access possible tax deductions. You can search for a ‘cheap tax accountant near me’ to...
Importance of Accounting Services for Small Businesses
Every business owner follows a robust business strategy to grow their business and accounting services can save business time and money. Working with an accountant offers your business on-demand financial and accounting advice as well as different benefits some of...
Everything about Deductions for Personal Super Contributions
You may have heard about various tax deductions, but did you know that you can claim deductions for personal super contributions? If you are not aware of such deductions, then this blog is for you. You might not know how to claim those deductions, and for this reason,...
What are Tax Concessions Available for Small Businesses?
As a small business, you can apply for various types of tax concessions. However, you must be aware of tax concessions announced by the legislative authority. A small business is considered a ‘small business entity.’ If you are a small business entity, then you may be...
Does a Personal Services Income Affect Your Tax?
According to the Australian Taxation Office (ATO), personal services income is an income that is a reward for your skills or efforts as an individual. Now, the question arises, do you offer services or products that depend on your personal skills? If so, the income...
Importance of Tax Planning for Every Business Owner
The New Year is around the corner, and as a business owner, you have to start thinking about business taxes again for the next year. Many of you may have already experienced many problems during the tax season because of not prepared taxes. However, you have to learn...
Business Taxes: What Taxes Do Businesses Need to Pay?
Tax is something that people don’t like to pay, but they have to pay to help the country to function properly. Before you know the basics of taxes and how they work, you must know what tax is and why it is necessary for the nation. As a business owner, you also have...
What is Capital Gains Tax for Businesses and How Does It Work?
Capital gains tax is one of the most complicated tax topics and many times, business owners get confused. However, there are various things that need to consider about capital gains tax (CGT) when you are looking to sell your organisation. Professional tax accountants...
Payroll Tax Fringe Benefits that You Should Know
Many business owners have used fringe benefits practices and this method is an excellent way for businesses to stay competitive, offer added value to employees and attract high-value employees. It is essential to completely understand what exactly payroll tax is...
What is a General Interest Charge and How Does It Work?
The ATO charges interest if you have a tax debt and this is known as the general interest charge (GIC). The general interest charge (GIC) rate is calculated each quarter. The exact rule is set out in tax legislation to calculate the GIC rate. The GIC will be shown on...
Tax Deductions for Dividend, Interest and Investment Income
Various tax rules and regulations allow taxpayers to claim tax deductions for dividends, interest and other investment income. However, you can claim these deductions if you have enough knowledge regarding this. If you are busy growing your business, then you can hire...
What Types of Tax Deductions Businesses Can Claim?
Running a business is a challenging task for every business owner, whether they are startup business owners or have experience in the industry. Various factors are responsible for a successful and unsuccessful business. You need to identify different opportunities to...