Pandemic Leave Disaster Payment

The rules for the Pandemic Leave Disaster Payment, the payment accessible to those who have lost work because they have had to self-isolate with COVID-19, or are caring for someone who contracted it, changed on 18 January 2022. The new rules change the definition of a close contact in line with the harmonised national definition. […]

PCR and RAT Tests

The Treasurer has announced that PCR and rapid antigen tests (RAT) will be tax deductible for individuals and exempt from fringe benefits tax (FBT) for employers if purchased for work purposes. There has been confusion over the tax treatment of RAT tests with the Prime Minister stating for some time that they are tax deductible, […]

Financial Management for Business Owners

Ever wonder why your sales seem to be growing yet your profit remains the same?  Or why your business appears to be making a profit yet there’s no cash to show for it? The answer lies in developing your financial management skills. Many small business owners don’t invest enough time in learning how to interpret […]

The Right Attitude for Success

Written by Heather McKenzie All businesses have challenges and will need to change in order to adapt to the future. But it can be hard to come to terms with. As I recently had cause to ponder my own life and the future direction of our own organisation, I was reminded that it all comes […]

Tax and the Normalisation of Cryptocurrency

In early November, the Commonwealth Bank announced that it is now Australia’s first bank to offer customers the ability to buy, sell and hold crypto assets, directly through the CommBank app. You know when the banks come on board, cryptocurrency has become normal. But cryptocurrency is only one part of the blockchain universe. Non-fungible tokens […]

Christmas Parties and Tax

Will you be rewarding your employees with an end-of-year Christmas party to celebrate? A dinner with drinks or a gift maybe? If you’re feeling particularly generous, maybe both? That’s very kind of you. But make sure you’re across the financial implications to your business: Gifts and Christmas parties may attract tax. Christmas parties and Tax […]