December 2019 eBrief

December 2019 updates from the bookkeeping industry. Prepared by ICB for its members and their clients.

Events: 2020

Building Business Relationships on a physical level is just as important as online interactions so join us in Toowong QLD once a month for business networking and quality conversation.

Trusts owning NSW property may need a new Deed

November 2019 eBrief

November's monthly newsletter for Nationwide BAS clients prepared by Institute of Certified Bookkeepers for its Members and their Clientele and associates

September 2019 eBrief

September's monthly newsletter for Nationwide BAS clients prepared by Institute of Certified Bookkeepers for its Members and their Clientele and associates

Small Business Workshops & Webinars

The Tax Office regularly run events for small business owners. Topics include record keeping, tax essentials, employer essentials and more. With legislation changes every few months, it's important to keep up to date (which we do for you) but it's also good as a business owner, to understand for yourself what is happening in the world of tax, employment and compliance.

Motor Vehicle Expenses

Motor Vehicle Expenses that you can claim in your tax returns can be confusing - especially if you end up being subject to fringe benefits tax. The Tax Office released some fact sheets which should help clear the air.

August 2019 eBrief

August's monthly newsletter for Nationwide BAS clients prepared by Institute of Certified Bookkeepers for its Members and their Clientele and associates

ASBFEO - Business Funding Guide

Australian Small Business and Family Enterprise Ombudsman (ASBFEO), together with Scottish Pacific Business Finance, have produced a guide to assist small businesses and their bookkeepers in managing their finances and accessing funding.

There are two guides:
1. FitsME Essential Guide – for small business operators providing guidance around the types of funding available and preparing for funding applications
2. Business Funding Guide – for bookkeepers, accountants and other advisers supporting clients in managing and navigating through their funding requirements​

Payroll Tax Changes

WA has some payroll tax changes in regards to traineeship wages from 1 July 2019

July 2019 eBrief

Monthly newsletter for Nationwide BAS clients prepared by Institute of Certified Bookkeepers for its Members and their Clientele and associates

Employee versus Contractor

Whether the nature of a working relationship is employee or contractor is not based on any single one factor, but rather a set of circumstances about the relationship needs to be considered. However, there are a set of common factors that contribute to whether a worker is an employee or a contractor: TestEmployeeContractorLevel of control […]