Understanding Fringe Benefits Tax

A fringe benefit is a payment made to an employee or their associates (e.g. a family member) during the course of employment that is not in the form of salary or wages. The Fringe Benefits Tax (FBT) is the tax associated with these different forms of payment, with the...

Best Business Apps

Your business can always benefit from an increase in efficiency and productivity, and the means of getting such increase have never been so available. Having the right apps on your phone, tablet and even desktop computer can help your business grow by making you more...

R&D Tax Incentive 2014

What does this incentive mean for you? Replacing the research and development tax concession, the Government introduced the research and development (R&D) tax incentive in 2011 with the aim of boosting competitiveness and improving productivity across the...

Changes to Strata Laws

The New South Wales Government’s Department of Fair Trading is said to be drafting the final Bill which will give effect to its strata law reforms.  Amongst other matters such reversing the default position on tenant pet ownership, these law reforms are designed to...

The need to limit access to start-up tax breaks

In 2009, the Labor government introduced tax changes which saw employees being taxed when share options were received from their company, rather than when the share options were sold or became full shares.  While these changes were implemented in an effort to curb and...