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Extending the festive cheer (in a tax efficient way)

The festive season is here again, and as with other years it is always brimming with the spirit of giving. The list of practical ways in which Australians spread goodwill is as endless as a Christmas wreath. The ATO also gets into the spirit of the season, but of course feels required to set some limits.

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TED Talks: Casey Gerald – The gospel of doubt

What do you do when your firmly held benefits turn out not to be true?

When Casey Gerald’s religion failed him, he searched for something new to believe in – in business, in government, in philanthropy – but found only false saviors. In this moving talk, Gerald urges us all to question our beliefs and embrace uncertainty.

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Rebate Scheme – Jobs Action Plan

The 2016-17 Budget, announced by NSW Treasurer Gladys Berejoklian recently, has tweaked the government’s Jobs Action Plan, which provides payroll tax rebates for eligible businesses hiring new staff.

Starting from July 31, 2016, businesses will only be eligible for the rebate if they employ 50 or less full-time equivalent (FTE) employees.

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I’m a volunteer. Any taxing issues?

From sporting clubs or environmental groups to many charity associations, volunteers are an indispensable workforce and support network for many organisations. For most, if not all, having volunteers ready to lend a hand is pivotal in them being able to function or survive.

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Business assets, personal use?

Is there a problem with using your company’s assets for yourself? Assets that belong to your business but that are being used for your own benefit or enjoyment can potentially trigger a tax issue known as “Division 7A”.

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