Our Financial Blog

Check this page regularly for updated advice, tips and current financial interest topics and articles.

CHRISTMAS AND TAX IMPLICATIONS

A client reminded me that Christmas is fast approaching. Questions followed about what they can do for their staff. Below is a summary of the Fringe Benefits Tax (FBT) consequences of Christmas parties and gifts: CHRISTMAS PARTIES Christmas parties are considered a...

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TO PLAN OR NOT TO PLAN

The famous quote from Benjamin Franklin “By failing to plan, you are preparing to fail”, was relevant to a client of mine recently. Not for the first time have I heard “I have a brilliant idea” or  “a great opportunity has come my way”! With all the enthusiasm in...

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EFFECTIVE DEBT MANAGEMENT – TIPS FOR BUSINESS OWNERS

Effective debt management is crucial for business owners to maintain financial stability and ensure long-term success. Here are some tips to help you manage business debt effectively:Create a comprehensive debt repayment plan: Start by assessing your current debt...

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DO YOU KNOW HOW THE FIRST QUARTER WENT?

I dedicated a chapter from my book to “Do I know how my business is performing”. The question is as prevalent today as ever before. The changing landscape of not only the economy but also technology and the way people are doing business is impacting the bottom line of...

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SALARY PACKAGING FOR EMPLOYEES

SALARY PACKAGING FOR EMPLOYEES I wrote earlier this year about the tax concessions for businesses purchasing electric vehicles. Over the last few weeks, we have had several enquiries from business owners and employees about purchasing an electric vehicle and salary...

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