Understanding novated leases, FBT and claims for work-related car expenses A novated lease is a popular way for employers to reward and incentivise their staff. Through a salary sacrifice arrangement that includes a novated lease, employees are provided with a vehicle and can also reduce their personal tax liability. However, Read the full article…

Stay alert for scams and fraud The Australian Taxation Office (ATO) is committed to educating taxpayers on how to protect themselves against tax scams and identity theft. It says that up to the end of last financial year, $2.7 million was handed over to fraudsters, with about 2,500 individuals providing Read the full article…

Top 10 tips for rental property owners to avoid common tax mistakes Below is a list of tips from the Australian Taxation Office (ATO) that should help rental property owners avoid what it has found are the 10 most common tax errors made by rental property investors. The ATO says Read the full article…

The ins and outs of “entertainment” business deductions As a tax concept, “entertainment” can be relevant not only to fringe benefits tax (FBT), but also to income tax and even goods and services tax (GST). For a business, whether a business expense is “entertainment” will generally also determine whether the Read the full article…

The controversial “Rich Tax’ High income earners: Beware Division 293!   If your remuneration, including reportable fringe benefits and salary sacrificed superannuation contributions is in excess of $250,000 per annum, you may have an additional tax liability over and above the normal income tax payable on such earnings.. Now that Read the full article…

SCAM ALERT – Doc Sign! We have had a number of our clients call us to advise that they have received emails from ‘Doc Sign’ with regards to company changes. This is a reminder to please be aware of ‘electronic’ signing. Here at Globe BD we have recently moved over Read the full article…

SCAM ALERT – ASIC Emails! We have had a number of our clients call us to advise that they have received emails from ASIC with regards to renewal notices- please see below an example of the email. This is a reminder to please be vigilant and if you are unsure Read the full article…

We are proud to invite you to our fourteenth consecutive annual fundraiser for the Perth Children’s Hospital Foundation Kids Rehab Fund. FRIDAY 17TH NOVEMBER 2017 This is always a special event and this year is no exception. We are very excited to announce our guest speaker…. Former Australian Test cricketer Read the full article…