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Fringe Benefits Tax (FBT) is a tax that employers pay on certain non-cash benefits provided to employees (or their associates, such as family members) instead of salary or wages. It is separate from income tax and is based on the taxable value [...]

If you are considering Christmas presents for your staff or clients this year, the below table summarises the FBT, income tax and GST consequences: Type of Gift Gifts to employees and their family Gifts to non-employees (clients, [...]

As we approach the close of 2024, it’s time to reflect on the year that was and get ready for the opportunities and challenges of 2025. Whether you’re wrapping up projects, reviewing financials, or setting new goals, now is the time to ensure [...]

Losing a loved one is an incredibly difficult experience, and managing their final affairs can feel overwhelming. At Kennedy Cross, we understand the emotional and logistical challenges you’re facing. Our dedicated team is here to offer support [...]

The end of the current Fringe Benefits Tax (FBT) year is Friday 31 March 2024. Now’s the time to start collecting the data that will be required to prepare your FBT return. You’ll also need to take note of your odometer readings for [...]

We have received an important update from the Australian Business Registry Services (ABRS) regarding director identification numbers (director ID), and we want to ensure that you are well-informed about your obligations in this regard. ABRS is [...]

Tired of paying rent for your commercial premises and considering buying a premises for your business?

The beginning of a new calendar year is an excellent time to review the year just finished and reflect on what worked, what didn’t, what you’d like to change and new things you’d like to implement.

Small businesses can get a tax break of up to $20,000 if they make their operations more energy-efficient.

The Privacy Act is changing, and this means small businesses making less than $3 million a year, which didn't have to follow certain privacy rules before, now have to.