DFK Crosbie Blog

Monday 18th February 2019
Category: Business
Date:
By  Stephanie Oakley

Coming out of the holiday period is usually a slow time for businesses but there’s never been a better time to get on top of things.

The new year brings business owners great motivation and opportunity to bring their business to greater heights. Whether you want to get on top of your business’ finances, relationships, policies,

... more
Wednesday 6th February 2019
Categories: Business | Tax
Date:
By  Stephanie Oakley
Australian Tax Office research indicates that, of the three in four enterprise owners that sought business tax advice from an accountant, 65 per cent retained a proactive relationship afterwards. This indicates how prized a proactive business accounting strategy is.
 
But what exactly is a proactive approach
... more
Monday 21st January 2019
Category: Business
Date:
By  Stephanie Oakley

A retail or commercial lease is a legally binding contract between a landlord and a tenant of a retail shop that allows the tenant to use the landlord’s property in return for rental payments. The process of renewing or terminating your lease depends on your agreement with your landlord and you actually may not have the right to

... more
Monday 21st January 2019
Categories: Business | Tax
Date:
By  Stephanie Oakley
The business community can feel more personal than professional at times because small and medium enterprises (SMEs) need to support one another to survive. Australian Bureau of Statistics' research shows sole proprietor businesses had a 16 per cent exit rate within their first year in 2017. This shows many entrepreneurs are unaware
... more
Monday 7th January 2019
Categories: Not For Profit | Tax
Date:
By  Stephanie Oakley

There are more than half a million Not for Profit organisations (NFPs) in Australia. That's over half a million organisations that can claim some significant benefits in their salary packaging arrangements.

When an NFP establishes a salary packaging deal with staff, they

... more
Wednesday 19th December 2018
Category: Business
Date:
By  Stephanie Oakley

The ATO has allowed clients to authorise their registered agent to act on their behalf for Single Touch Payroll (STP).

On 1 July 2018, the Australian Government introduced STP for employers with 20 or more employees. The new scheme requires employers to report payment activities each time employees are paid. The STP engagement authority

... more
Wednesday 19th December 2018
Category: Business
Date:
By  Stephanie Oakley

The holiday period is the perfect time to declutter your documents but avoid throwing out those essentials you need to keep.

Since different rules apply to different documents, the length of time a business needs to retain them depends on what the documents are. Holding on to your documents for seven
... more
Wednesday 19th December 2018
Category: Business
Date:
By  Stephanie Oakley

The ATO has released draft guidelines to eliminate confusion and more closely define FBT exempt benefits for work vehicles and their private use.

Guidelines will be enforceable by the end of the 2019 FBT year. Employers could be forced to pay a 20 per cent FBT compulsory tax payment on the cost of the vehicle if they fail to comply.

Employers

... more
Wednesday 12th December 2018
Categories: Business | Not For Profit
Date:
By  Stephanie Oakley

Australian charities earned a combined $142.8 billion in 2016. Delving deeper, nearly 45 per cent of this income was generated through government grants, according to the Australian Charities and Not for Profits Commission (ACNC). This shows the vital importance of government funding in the sector.

But Australian Government grants for

... more
Wednesday 5th December 2018
Category: Finance
Date:
By  Stephanie Oakley

It’s important to understand the game has changed when it comes to borrowing. It’s changed for everyone from first home buyers to investors refinancing fixed interest loans or home owners swapping banks for lower rates.

more