With Christmas now over, it may be time to record the costs of last year’s Christmas party. The cost of providing a Christmas party is tax deductible only to the extent that it is subject to Fringe Benefits Tax (FBT). Therefore, any costs that are exempt from FBT (i.e. exempt minor benefits and exempt property [...]

In a sensible rationalisation, business names registrations have gone national to complement the national company registration regime.  All business name registrations now fall under the jurisdiction of ASIC and all new business name registrations will now need to be distinct from business names registered in any other state or territory.  The benefit is that one [...]