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Stay cyber-safe this festive season: secure files, sign out, update software, and back up your business data.  Before you sign off for the holidays, give your business an early present by taking these 6 steps to safeguard your business and client information: Lock up...

Find out if your staff parties, recreational activities and employee gifts will attract FBT. As the end of year approaches, many businesses celebrate with staff parties, events and gifts to recognise and reward their employees. If you're planning an end-of-year...

Examples of how FBT applies to businesses for Christmas parties, recreation days, seminars and other events. Christmas parties and gifts Gym membership Holiday Golf day Afternoon tea Seminars These scenarios apply to commercial businesses. There are different...

Not all vouchers your business sells will attract GST at the point of sale. We’ve noticed businesses making errors when applying GST to vouchers. If you’re registered for GST (or required to be), the type of vouchers you sell will determine when to account for GST....

Tax time is nearly over and knowing what you can (and can't) claim will help ace your tax return. Managing your business finances effectively starts with knowing which expenses are deductible, and which ones aren’t. You can claim a tax deduction for most business...

Avoid these common mistakes and get it right this tax time We know small businesses work hard to get their tax and super right, however we understand mistakes can still happen. If you’re a sole trader, you can get ahead this tax time by avoiding these common errors:...

Did you know that some fresh foods - such as salads, sushi and cooked pasta with sauce - may be subject to GST? If you operate a GST-registered food business, you’ll need to include GST where your food is: for consumption on the premises where it is sold (for example,...