Tax

The ATO is looking at businesses who advertise 'cash-only' and industries where cash is norm. Are you up to date on the latest electronic commerce technology for your business?

Fringe benefits are an important part of business and can be a useful way of attracting quality staff. However, if you're going to provide fringe benefits to your staff, you need to be aware of your taxation obligations.
Fringe Benefits Tax (FBT) can be difficult to understand, particularly when the government constantly makes changes to legislation. The experienced staff at Jigsaw Tax and Advisory can assist with all your FBT needs.
Here are five key changes to FBT which will take effect from 2018 year onwards:

Australia’s complex tax laws and regulations make it time-consuming and costly to choose a small business structure. Jigsaw Tax & Advisory can provide guidance and assistance in helping you choose the correct structure for your business. The choice of structure will depend on the size and type of business, your personal circumstances and how much you plan to grow your business in future.  The type of business structure you choose can determine:

• Tax liabilities
• Responsibilities as a business owner
• Potential personal liability

Cryptocurrencies have created another shift in the world of financial, tradeable and intangible assets. Banks, regulators, market participants are all starting to adapt to the emergence of various cryptocurrencies.
Thankfully, the Australian Taxation Office, never wanting to miss an untaxed profit, has provided some initial guidelines.