by C&N Accountants | Dec 18, 2025 | Business, FBT (Fringe Benefits Tax), Small Business
Yes, staff parties, gifts and celebrations can trigger Fringe Benefits Tax (FBT). However, many common workplace celebrations are FBT-free if they meet the ATO’s minor benefit and on-premises rules. Why the ATO cares about staff celebrations Each year, the ATO reminds...
by C&N Accountants | May 30, 2025 | Government Support, Small Business, Superannuation, Tax & Accounting
Labor’s election win means changes are coming for your tax, super, and household budget. Here’s what you need to know to prepare – and what’s still on the table. What tax cuts are coming for individuals? The Federal Budget has locked in personal income tax cuts...
by C&N Accountants | Feb 26, 2024 | ATO, Business, Company Directors, Division 7A Loans, Small Business
Entrepreneurial ventures often commence with the business owner’s financial investment to fuel initial growth and operational stability. A recent legal proceeding underscores the necessity of navigating the complexities of tax legislation when managing company...
by C&N Accountants | Dec 20, 2023 | ATO, Business, Small Business, Tax Planning
Uncertainty has cast its shadow over recent years, but are we finally in for a more predictable ride as we step into 2024? Let’s delve into the key factors influencing the landscape. Inflation and Labour Dynamics According to RBA Governor Michelle Bullock,...
by C&N Accountants | Jul 13, 2023 | Government Support, Small Business, Small Business
The start of each financial year usually brings with it a host of tax changes that SMEs need to be aware of, as well as a range of other regulatory changes that affect large sections of the Australian business community. Find out what other changes apply to small...
by C&N Accountants | May 30, 2023 | ATO, EOFY, How To, Small Business, Tax & Accounting, Tax Planning, Tax Refunds, Tax Tips
Here’s a guide to the strategies you can use to minimise your business tax. What you should consider before June 30 this year. IS YOUR BUSINESS A “SMALL BUSINESS” ENTITY? Small businesses can access a range of tax concessions from the ATO. To qualify as a “Small...
