Julia's Blog
By Julia Hartman
(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 …
Help your employees give the ATO a raspberry to their new draconian bully tactics on reasonable allowances. This blog is both for employers and for employees who have read our article on travel allowances https://bantacs.com.au/Jblog/reasonable-allowance-concessions-effectively-abolished-by-the-ato/#more-159 If you are the latter make sure you give your employer a copy of this, so they can do …
LAFHA – Living Away From Home Allowance This blog only applies to workers who are transferred to a temporary work location for a period of less than 12 months. It does not apply to your typical fly or drive in and out worker who has a permanent work site. LAFHAs are taxed as a fringe …