Julia's Blog
By Julia Hartman
(Download PDF) Small business owners, even micro businesses, are you making the most of the software available to eliminate, or at least reduce, physical paperwork? With Single Touch Payroll soon to become compulsory, even for the wages of business owners, it is time to come out of hiding! In the end you really will be …
(Download PDF) This blog focuses on the outcome of MWWD v FCT 2020 https://www.ato.gov.au/law/view/document?docid=JUD/2020ATC10-553/00001 It is worthy of a blog because it drives home two very important points that are regularly ignored because ‘everyone else is doing it’. So here it is in black and white: Point 1 – A payer can still have a …
(Download PDF) FBT and the Office Christmas Party There two important points you need to know. Firstly, that you are better to pay your staff a Christmas bonus and let them throw their own Christmas party. Second point is that there is no way you can dress up a Christmas party to be anything else …
Keeping the Nexus Between the Borrowing and the Expenditure What the borrowed money is used to buy determines whether the interest on the loan is tax deductible. That is the basic rule. The link between the borrowing and the expenditure is called the nexus. This nexus needs to be very clear. You need to be …
So You think You Are A Contractor and Can Split Income? The Three Stages of Being a Contractor: Qualifying for an ABN – You need to be an enterprise, more than just providing your labour. A ute may help if it is fundamental to your income producing activities but a station wagon or sedan won’t …