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April 2021

It’s time to consider FBT

If your business has provided any benefits to your employees, you may be liable for fringe benefits tax (FBT). This includes benefits to current, prospective and former employees, as well as their associates. It’s important to keep in mind that this applies no matter what structure your business has – sole trader, partnership, trustee, corporation, unincorporated association, etc. If a benefit was provided in respect of employment, then it may be a taxable fringe benefit.

Introducing Connect42 with Emma Sells

Connect42 (formerly Chatter Matters) is a purpose driven not-for-profit organisation that works with people to build their communication skills so they can live whole lives in connection with others.

March 2021

Tax implications of having more than one job 

With insecure, contract and casual work becoming increasingly common, particularly in the current COVID-19 affected economy, it’s no surprise that many young and not-so-young Australians may have income from more than one job. If you are working two or more jobs casually or have overlapping contract work, you need to be careful to avoid an unexpected end of financial year tax debt. 

February 2021

ATO warning: watch out for tax avoidance schemes

Tax planning or tax avoidance – do you know the difference? Tax planning is a legitimate and legal way of arranging your financial affairs to keep your tax to a minimum, provided you make the arrangements within the intent of the law. Any tax minimisation schemes that are outside the spirit of the law are referred to as tax avoidance, and could attract the ATO’s attention.

Halys & Sells
29 Salamanca Place
Hobart 7000
Tasmania, Australia

Phone: 03 6223 4456

Liability limited by a scheme approved under Professional Standards Legislation.