There are circumstances where an employer does not need to keep records or demonstrate that private use of a business vehicle by an employee is minor, infrequent or irregular in order to claim an Fringe Benefits Tax (FBT) exemption.
Have you ever been worried about a personal claim you’ve made on your tax return, but then think out of the millions of Australians out there you are unlikely to be selected? The ATO is now finding new and creative ways in identifying tax fraud and it all starts with your social media accounts.
The Small Business Entity aggregated turnover eligibility has been increased. What does this mean for small businesses? They may now be entitled to a number of concessions that they are not yet aware of. Read on…
In this day and age, having your mind completely focused on the task at hand is rare and difficult due to the constant distractions that are around us. What we are now doing is indulging in behaviours that not only have a negative impact on own our happiness, but also how we make others feel.