The latest articles from Nationwide Bookkeeping & Accountants Services
Meal Entertainment & FBT
As a follow up to our FBT 2020 post, this post goes into more detail around meal entertainment and how in-depth fringe benefits tax
requires businesses, and agents to go in determining how fringe benefits tax may apply.
QLD Small Business COVID-19 Adaption Grant Program
The Queensland Government is extending the Small Business COVID-19 Adaption Grant Program. As part of Stage 2 of Queensland's Economic
Recovery Strategy - Unite and Recover for Queensland Jobs, up to $100 million is being made available to deliver a second round of
grants, with half of this funding specifically earmarked for regional small businesses located outside of South East Queensland.
Round 2 will open on 1 July 2020.
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 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.