Financial Insights
Simple Accounting Tips
Helping solopreneurs and small businesses navigate tax and accounting with ease. Stay informed and drive growth.
New FBT Exemption for Electrical Vehicles (EV)
From 1 July 2022 employers do not pay fringe benefit tax on eligible electric cars and its associated expenses.
Work Related Car Expenses
As an accountant, I have often been bombarded during busy tax time with the question of “Car Expenses”.
Employee or Independent Contractor
Accountants are often asked about the correct classification of employees and independent contractors for tax.
Claiming Expenses
If you are claiming home office expenses based on hourly rate which is 80c per hour, you can not claim.
Main Residence Exemption for Foreign Residents
Accountant can work out on the status of main residence exemption for Capital Gain Tax purposes.
