Blog

Guide to Agreed Upon Procedures

Posted by Maria Burcher
on June 16, 2022

What are “Agreed Upon Procedures” and can they be useful for your business, community organisation or body corporate? What are Agreed Upon Procedures? Agreed Upon Procedures (AUPs) are a type of an engagement where a practitioner is hired to test [read more...]

Guide to Fringe Benefit Tax (FBT)

Posted by Amy Lam
on June 9, 2022

Fringe benefit tax (FBT) is tax payable on non-cash benefits provided to employees including shareholder employees. It is separate to income tax and charged according to the taxable value of the fringe benefits provided. Employers can make a deduction on [read more...]

Companies Office annual return requirements: more than you may think

Posted by Helen Willis
on April 8, 2022

You’d be forgiven for believing you had met your Companies Office requirements when you file your annual return every year. The fact is, that updating the names and address of any shareholder or directors for your company does not fulfil [read more...]

New trust reporting and disclosure requirements

Posted by Helen Willis
on March 9, 2022

In 2021, the Taxation (Income Tax Rate and Other Amendments) Act was passed by parliament. One of the changes made in the Act was a new top tax rate for individuals of 39%. Because the trust tax rate is [read more...]

End of financial year check up for your business

Posted by The Accounting Hub
on February 25, 2022

With financial year end coming up soon, now is a good time to tidy up the books and review. But it shouldn’t just be about the numbers, it’s also a good time for a mental health check-in for staff and [read more...]

5 steps to early retirement

Posted by The Accounting Hub
on July 11, 2021

For some people, early retirement is a choice. For others, it’s a necessity. If you are running your own business, a retirement plan is probably the last thing on your to do list. Regardless of which group you fall into, [read more...]

How to build a business you can sell

Posted by The Accounting Hub
on April 29, 2021

Many entrepreneurs start their business with the goal of earning an income for themselves, but they often think of the business only in terms of them running it. In truth, there is a huge benefit to starting a business either [read more...]

Tax expenses: don’t claim too much!

Posted by Helen Willis
on March 23, 2021

Knowing what and how much to claim in expenses on your Income Tax Return or financial records is probably more important than you imagine. Read on to find out more. Legitimate expenses lower your taxable income If you own a [read more...]

Chargeout rates: signs you’re undercharging for your work

Posted by Andrew Millington
on March 7, 2021

When it comes to the overall success of your business, one of the most important decisions you’ll face is how to price for the work you do, ie, your chargeout rate. Charge too much and you could scare away potential [read more...]