by Team Garnet | Mar 31, 2021 | Business Structures, Small Business, Tax News
At the onset of COVID-19 in Australia in March 2020, many businesses moved fast to provide much-needed flexibility to allow their employees to work from home. As the end of the 2020-21 FBT year approaches, the question for employers then becomes, what are the FBT...
by Team Garnet | Mar 24, 2021 | Business Structures, Small Business, Tax News
With the end of March fast approaching, so too is the end of the Fringe Benefits Tax year which runs from 1 April 2020 to 31 March 2021. While FBT returns do not need to be lodged until 21 May 2021, for many businesses, now is the time to start getting organised in...
by Team Garnet | Mar 17, 2021 | Garnet Business Services
This month we’ve challenged ourselves by getting to get a little extra movement in our office for a great cause. The National Breast Cancer Foundation is running the 55 Squat Challenge to raise vital funds for further research. Yes, that’s 55 squats each...
by Team Garnet | Mar 10, 2021 | Business Structures, Small Business, Tax News
Tax planning or tax avoidance? Do you know the difference? While tax planning is a legitimate and legal way to arrange 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...
by Team Garnet | Mar 3, 2021 | Tax News
If you are working two or more jobs casually or if you have overlapping contract work, you need to be careful to avoid an end of financial year tax debt. With insecure, contract and casual work becoming increasingly common, particularly in the current COVID-19...
