As small businesses celebrate Christmas with staff parties, it is important to remember the Fringe Benefits Tax (FBT) implications for non-FBT exempt organisations. Read more on the tax considerations for your business celebration.
Scammers are becoming increasingly sophisticated in their methods often going to great lengths to prove their offer is “legitimate”.
Their approach can be so sophisticated and smooth the scam can be difficult to spot, despite our increased awareness. We list some of the most common scams and how you can avoid them.
Merry Christmas from the team at Hall Chadwick QLD. Our office will close Thursday 23 December 2021, at 5pm and reopen Tuesday 4 January 2022.
The Federal Government recently announced an extension to the temporary reduction in minimum pension requirements until 30 June 2022. Read more about this extension here.
The ATO has begun exercising their power to warn small businesses who have over $100,000 in debts. These warnings state their position that the ATO will disclose their tax debts to credit reporting agencies if they do not cooperate to manage the debt.
In our video series Audit Director, Clive Massingham talks through common SMSF breaches and how to look out for them.
Click through to watch the full video of this important topic alongside a transcript.
From the Chairman of the Hall Chadwick Association, Mr David Lissauer.
‘We are once again proud to be in the top 20 accounting firms in Australia as announced by AFR last week. Our priority across the country has been about being pre-emptive to the needs of clients navigating the country’s economic challenges and leveraging assistance programs.’
Click through for more on this update.
From the Chairman of the Hall Chadwick Association, Mr David Lissauer.
‘We are once again proud to be in the top 20 accounting firms in Australia as announced by AFR last week. Our priority across the country has been about being pre-emptive to the needs of clients navigating the country’s economic challenges and leveraging assistance programs.’
Click through for more on this update.
On Friday 5th November a group of 32 women riders embarked on the final, physical, leg of their journey fundraising for children in need.
The three day ride raised $360,000 for children in need supporting grassroots not-for-profit organisations Traction For Young People and White Ribbon Australia. Read more about the ride.
Directors will soon be required to verify their identity and apply for a director identification number (director ID) as part of a new regime designed to improve traceability of company directors and eliminate unlawful phoenixing activity.
Significant penalties can apply including up to $1.1 million for individuals for failure to comply. Read more about how to apply here.
