Top 3 tips to avoid the FBT Grinch this festive season!
Christmas can present a tax headache in the New Year if you’re not aware of the Fringe Benefits Tax (FBT) implications of your Christmas celebrations. FBT is a complex area that has many variables depending on the way your business ‘entertains’...
O’Connells OBM awarded Best for Workers in the global B Lab honourees list fifth year running! #bestfortheworld19
We’re driven to create a workplace where our team members can thrive, so today we’re humbled and honoured to pause, and be recognised once again by the B Corporation community as being Best for Workers. This award is a reminder that through our...2019 State & Council Budget Report
The Queensland Government has handed down its budget for the 2019-20 financial year which has included several changes to state taxes set to affect small to large businesses as well as investors. Some of the key changes include: Payroll tax The payroll tax...
No Deduction for Payments Where PAYG Withholding Obligations Haven’t Been Met
By Marie Olesen If your business isn’t up to date with your PAYG withholding obligations, you may not be entitled to claim any business related tax deductions. From 1 July 2019, businesses will no longer be entitled to claim a tax deduction for payments made where...
Single Touch Payroll – take action now to be ready by 1 July 2019
From the September 2019 quarter you will need to be ready for Single Touch Payroll if you have 19 or fewer employees. If you have 20 or more employees you should already be using Single Touch Payroll. Single Touch Payroll (STP) requires payroll...
Renting your home on AirBnB? Consider these hidden tax costs
Do happy holiday-makers streaming into your local area each school holidays make you think about putting your home on AirBnB? While it seems like an attractive way to earn some extra cash, before you rent out all or part of your home on an online marketplace like...