employee wages
FBT and Your Business As a part of your employees’ employment contracts, do they receive benefits such as a car space, gym membership or even a car to drive? These are what’s known as fringe benefits, which is a ‘payment’ to an employee that takes a different form to salary or wages. This incurs a …
Tax Deductions for Teachers A number of deductions and benefits are specifically relevant to teachers and people working in education when filing tax returns in Australia. It’s worth checking all the details, as these can significantly impact your final tax return. Our team of expert tax agents is always available to answer any questions and …
Bloggers, Social Media Influencers and Tax Firstly, you need to be blogging as a business, rather than a hobby. It means that you regularly earn money from blogging, either through direct fees or sponsorships from the companies about which you write. If you operate on a pay-per-view model, you can also earn revenue from subscriptions …
Holiday Season and FBT At the end of the year, you may be looking for extrinsic ways to thank your hardworking employees or faithful customers/clients. A work Christmas/end-of-year party may be a method employed by many businesses to demonstrate their gratitude towards staff, but the expense can be a deciding factor. Christmas/holiday parties are regarded …
Employee Salaries – Setting The Right Level Setting the right salary level for your employees is essential to finding the right people to help you run your business. However, it can be difficult to determine the most appropriate level based on your business and what it can afford while also being attractive to prospective employees. …