Cash flow is the lifeblood of any small business. And for many businesses — particularly in hospitality, trades and personal services — that includes a mix of card and cash payments. From time to time, headlines hit the stands, reminding business owners not to “hide” cash income. While those messages can sound heavy-handed, the underlying…

The fringe benefits tax year runs from 1 April to 31 March — and if your business provided any non-cash benefits to employees or their family members during that period, an FBT return may be due. The lodgement deadline is 21 May, so now is the time to check whether this applies to you. What…

Inheriting a home can be both an emotional and practical experience. Alongside the personal significance, there are important tax considerations to be aware of  –  particularly if you decide to live in the property for a period and then sell it. Understanding how the Australian tax rules apply can help you avoid surprises and make…

In today’s digital world, people are accumulating assets in more forms than ever.  Some are obvious, such as shares or property, while others exist quietly online and are often forgotten until tax time.  Yet even if you haven’t thought about them in months – or years – these digital assets can still have tax implications…

Fringe Benefits Tax (FBT) is a tax that applies to most non-cash benefits provided to employees in addition to their salary or wages.  For employers, understanding FBT is essential to stay compliant, avoid penalties, and manage the financial implications of providing benefits. What Is Fringe Benefits Tax? FBT is separate from income tax and is…