Woman sitting at desk in front of open laptop. A message on the screen warns of an email scam

Scam Warning

In a November 2020 newsletter, we wrote extensively about some of the various scams doing the rounds and offered suggestions for ways in which everyone could protect themselves from financial harm. The subject has recently popped up on our radar again, unfortunately, as an associate recently came close to being defrauded. It was only as a result…

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Returning JobKeeper, FBT and Covid Vaccinations and the workplace

FBT 2021: Tax & Employee Benefits Fringe Benefits Tax (FBT) is one of Australia’s most disliked taxes because it’s cumbersome, expensive and generates a lot of paperwork. Unfortunately, the COVID-19 lockdowns we’ve endured have added another layer of complexity as many work patterns and behaviours have changed. As we’ve previously discussed, a fringe benefit is…

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How to sell your business, The final stage of JobKeeper and Simplifying small business insolvency

But first: We are open again! Following the easing of lockdown restrictions, our office opened again on Monday the 8th of February 2021. Given the State Government’s ongoing directives, we require every person in our office to wear a mask at all times and ask that visitors adhere to the following: 1. Please don’t come…

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Rental Properties

As Perth is currently experiencing some of its lowest residential vacancy rates in almost 10 years, we thought the time was right to talk about rental properties and what you should know as a landlord, including: what you can and can’t claim as rental deductions; the difference between rent and board; negative gearing; why you…

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Motor vehicle deductions and questions, Superannuation Guarantee deadline and foreign income disclosure rules

Motor Vehicles You can claim deductions for the use of motor vehicles (including motorcycles) when they’re used for business or work purposes. While your method of deduction will vary depending on your unique circumstances, regardless of how you claim, it’s important to distinguish the applicable work/business-related portion from any personal/private use, and stay on top…

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Successor Directors: a key player in estate planning and asset protection

What would happen if you no longer had control of your company? It’s a sombre thought, but a reality: if you or your partner are a director of a company and happen to become incapacitated or die without company resolutions or a properly drafted will in place, you could lose control of your company and…

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2021: Opportunities and Risks, JobMaker Deadline Looms, Christmas Parties and FBT

JobMaker Deadline Looms JobMaker enrolments opened on Monday the 7th of December and because of the tight turnaround times, if your business would like to access JobMaker for the first period, it will be important to assess eligibility. Be sure to contact us as soon as possible to get the ball rolling. Wednesday the 6th…

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SCAMS

With the festive season fast approaching, scam activity is on the rise. Here are a few common ones doing the rounds and how you can keep yourself safe. Hello? This is the ATO… People are receiving calls from fraudsters claiming to be from the Australian Taxation Office, stating that they have not paid enough tax…

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