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Is There Such A Thing As A Tax-Free Lunch?

Is There Such A Thing As A Tax-Free Lunch?

They say there's no such thing as a free lunch - but what about a tax-free one instead? One of the policies proposed by the Liberal Party ahead of this year’s election surrounds the concept of entertainment, particularly concerning tax. Under the proposed policy,...

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Payroll Tax in Victoria Explained

Payroll Tax in Victoria Explained

83,333Payroll tax is dictated by your resident state or territory. It is a tax employers must pay if they meet certain eligibility criteria. As such, it's important to understand the differences in Victoria’s payroll tax to ensure your business is meeting its...

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Are Charitable Contributions Tax Deductible?

Are Charitable Contributions Tax Deductible?

The Australian Taxation Office (ATO) has several criteria for what does and does not apply regarding tax deductions for charitable contributions or donations. But how can you determine which charitable gifts can be deducted from your taxes and which ones can’t? This...

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Is There Such A Thing As A Tax-Free Lunch?

Is There Such A Thing As A Tax-Free Lunch?

They say there's no such thing as a free lunch - but what about a tax-free one instead? One of the policies proposed by the Liberal Party ahead of this year’s election surrounds the concept of entertainment, particularly concerning tax. Under the proposed policy,...

read more
FBT With Festivity? Bringing Cheer To Tax

FBT With Festivity? Bringing Cheer To Tax

When running a business, creating a positive and engaging environment for your employees is key to success. Whether you’re throwing a Christmas party, organising a recreation day, or hosting a seminar, these events can boost morale and strengthen your team. However,...

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Guide to Preparing a Medical Practice Business Plan

Guide to Preparing a Medical Practice Business Plan

This Guide to Preparing a Medical Practice Business Plan has been developed to assist both doctors and practice managers understand the potential of their practices. It contains numerous practical tips and advice and identifies the main issues connected to planning and successfully running the practice. It has been identified as an area where practice managers and doctors alike have a keen interest, and a lot of important information is contained in the guide.

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What Is a Discretionary Trust? [Video]

What Is a Discretionary Trust? [Video]

Using a discretionary trust enables income to be distributed to companies and trusts associated with family members. A discretionary trust enables income with different tax characteristics to be streamed to family members individually. The structure can also be applied to non-family beneficiaries.

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