by Swot Accoountants | Mar 7, 2021 | Business News, Fringe Benefit Tax (FBT), Tax & Compliance
Car Fringe Benefits Tax (FBT) is a tax on fringe benefits provided to employees, including company directors (even if no director fees are paid to that director). If a business owns a car and that car is available to an employee for their private use, that employee...
by Swot Accoountants | Feb 23, 2021 | Business News, Business Training, Companies & Trusts, Tax & Compliance
Buying an established business can have many advantages, especially a business that has a solid positive business history. However, established businesses can also have many disadvantages, like bad financial history or poor reputation. There are steps you can take and...
by Swot Accoountants | Jan 31, 2021 | Tax & Compliance
Medicare Levy The Medicare levy helps fund the Australian public health system. The levy pays for public hospitals, doctors, nurses, and other health-related costs. Most Australians pay the Medicare Levy, which is 2% of their taxable income, in addition to the...
by Swot Accoountants | Dec 3, 2020 | Business News
In Australia, as much as 97% of all businesses fail. According to the Australian Bureau of Statistics, more than 60 percent of small businesses fail just in the first three years of their operations. That’s a scary statistic for hard-working individuals that are...
by Swot Accoountants | Nov 12, 2020 | Business Training
A statement of cash flows shows how much cash is moving in and out of a business over a particular period of time. Understanding the cash availability to pay debts and purchase materials is a very critical aspect of every business. The statement of cash flows is one...
