Fringe Benefits

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Understanding Fringe Benefits Tax and Novated Leases

Whether you’re an employee eyeing a new car or an employer striving to boost your team’s morale, understanding novated leases as a fringe benefit and the associated tax is crucial.  Why?  Because it can lead to significant financial advantages and benefits for both employees and employers. Let’s find out more about novated leases, calculating their…

Fringe Benefits Tax Rate: What You Should Know

Whether it’s a “buy nine, get the 10th coffee free” deal, happy hour, or a 12-month gym membership for the price of 11, we all love a perk!  Fringe benefits are non-cash perks employers can offer sought-after prospective employees to make an employment position more desirable. But, there’s a catch- the Fringe Benefits Tax (FBT). …

Bookkeeping for Restaurants – How an Accountant Can Help

As a restaurant owner, you want your financial records to be like a masterfully crafted, perfectly seasoned dish, with every number in its proper place and every expense accounted for. But let’s face it, in the fast-paced world of the culinary industry, your finances can sometimes look more like a chaotic kitchen after a Saturday…

Accounting for Medical Practices

Running a medical practice is no small feat. From diagnosing ailments to offering life-changing treatments, your plate is always full.  But amidst the hustle of patient appointments and the commitment to improving lives, another aspect demands your attention- the health of your medical practice’s finances. The challenges of accounting for medical practices can be as…

What Are Some Examples of Fringe Benefits?

Imagine scrolling through a seemingly endless list of job postings, your eyes almost glazing over from the repetitiveness of them all. Each one is offering the same thing- a decent salary and standard holiday time.  But suddenly, one stands out from the pack! It’s offering much more. A laundry list of perks- accommodation, a company…

Property Fringe Benefits: Know the Rules

Property fringe benefits are like the icing that turns a plain cake into an enticing treat.  A standard employment package includes salary, annual leave, and standard benefits. While adequate, it might not stand out in a competitive job market.  On the other hand, property fringe benefits make your employment offer more appealing to help you…