Tax

/Tax

Is Gifting Wine a Tax Deduction?

By | 2018-11-28T07:02:31+00:00 November 28th, 2018|Categories: ATO, Ideas, Tax|

It’s common to gift wine at Christmas time, but did you know the ATO treats gifts to employees different to gifts to suppliers or customers? Firstly, any gift needs to be evaluated as entertainment or non-entertainment because this affects the decision on tax claims. Entertainment gifts attract Fringe Benefits Tax (FBT) penalties. Stay tuned for our [...]

Single Touch Payroll Is Coming To A Restaurant Near You

By | 2018-06-05T06:58:36+00:00 May 14th, 2018|Categories: ATO, Employees, Payroll, Superannuation, Tax, Uncategorized|

SINGLE TOUCH PAYROLL IS COMING TO A RESTAURANT NEAR YOU Look out for Single Touch Payroll. Over time, hospitality employees have been paid in many forms: in kind, cash, booze, meals, cheque or direct transfer to a bank account.  Managing a hospitality payroll can get messy and difficult to reconcile correctly. You find yourself paying the [...]

Ban Christmas Parties

By | 2017-12-05T05:23:29+00:00 December 4th, 2017|Categories: ATO, Ideas, Tax|

We believe that staff Christmas parties should be banned. Sounds harsh, doesn’t it? We learned a long time ago that a Christmas party of silly hats, cheap gifts and a dinner with too much beer does not grow people and strengthen teams. But experiences enjoyed together does. Replace your Christmas parties with team building training events [...]