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

Single Touch Payroll: What you need to know

From 1 July 2019, all employers will need to start complying with Single Touch Payroll, which has been introduced by the ATO to streamline payroll reporting.  STP commenced for employers of 20 or more employees as at 1 July 2018.   What is Single Touch Payroll?  When you complete your payroll, you will be reporting the payments made, tax withheld, allowances, deductions and super information for each employee directly to the ATO…  Read more

Allan Hall named finalist in numerous firm-wide categories, including the Australian Accounting Awards 2019

Allan Hall Business Advisors continues to impress with individual, network and firm-wide awards and accolades, with our latest nomination as finalists in 6 categories of the Australian Accounting Awards 2019, Women in Finance Awards and HR Manager of the Year. For further details and a full list of our recent awards, click below.

Global alliance focussed on business excellence

Allan Hall is the Sydney member of Alliott Group, an award winning, growing, global alliance of 160+ accounting, law and consulting firms in 60+ countries.