Ride-sharing Now Eligible for Fringe Benefits Tax Exemption

The Australian Government has now extended the Fringe Benefits Tax exemption for ‘taxi travel’ for employees to ride-share, with the likes of Uber, DiDi and Ola now falling under ‘taxi travel’. The inclusion of ride-sharing under ‘taxi travel’ will enable companies to receive the same tax benefits as they would for ‘taxi travel’, allowing for a wider spread of private transportation options. Ride-share businesses such as Uber and Ola are…  Read more

Should You Buy a Motor Vehicle in Your Business Name or Personal Name?

We are often asked this question many times by business clients who are purchasing a new motor vehicle. Unfortunately, there is no standard answer. It depends on many factors such as the cost of the car, its operating costs and its usage. Here are a few points to bear in mind when working out what will give you the biggest tax deductions when buying a motor vehicle: Motor Vehicle Purchased…  Read more

Superannuation Guarantee Obligations: Don’t Get Caught Out by the ATO!

Increased ATO Activity with Employers’ Superannuation Guarantee Obligations Over the last couple of years, the ATO has introduced multiple new systems to change the way in which employers meet superannuation guarantee obligations for their employees. The two most recent significant changes regarding superannuation guarantees are: SuperStream Single Touch Payroll (STP) Here is a quick summary on what both systems are: SuperStream SuperStream is the way you must pay employee superannuation…  Read more

Fringe Benefits Tax Implications of Work Christmas Parties and Gifts

Fringe Benefits Tax – What You Need to Know for the Christmas Period As Christmas approaches, you are likely to be planning your end of year function and perhaps thinking about Christmas gifts for your valued clients and employees. During this planning stage, it is important to understand and consider the implication of Fringe Benefits Tax on your gifts and parties, to ensure your generosity doesn’t cause unwanted tax consequences…  Read more

EoFY Super Contributions

Don’t leave your contributions to the last minute This is particularly important if you plan to claim a tax deduction for any of your contributions. Contributions are included in a financial year if they are received in your fund’s bank account by 30 June. With 30 June falling on a Sunday this year, it would be prudent to make your contributions by Wednesday 26 June to ensure they are received…  Read more

Allan Hall named finalist in numerous firm-wide categories

Allan Hall Business Advisors continues to impress with individual, network and firm-wide awards and accolades, with our latest nomination as winner of the Client Choice Awards 2020, Women in Finance Awards 2019 and HR Manager of the Year 2019. For further details and a full list of our recent awards, click below.

Global alliance focussed on business excellence

Allan Hall Business Advisors is an integral member of Alliott Group, a growing alliance of 170+ accounting and law firms in  across 70+ countries globally. As part of this alliance, we can connect with like-minded members of Alliott Group in other jurisdictions to support and advise our clients who are wishing to explore and develop business opportunities both locally and internationally.