Business Advice

Arabon Accountants Christmas parties and FBT

Everything you need to know about Christmas parties and FBT

The ATO has announced its annual warning to  employers planning their staff Christmas parties and FBT tax implications.  Hosting these events are a Fringe Benefits Tax (FBT) minefield.  The warnings are timely as we head into the Christmas party season and many small businesses shout their staff to celebrate the year that was. This article …

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Arabon Accountants Xero Beautiful Business Fund

Apply now for your share of the Xero Beautiful Business Fund

Xero recently launched the Xero Beautiful Business Fund, a new initiative, backing small businesses to boost their growth and meet their ambitions for the future. What is the Beautiful Business Fund? Xero is offering more than NZ$750,000 in funding to Xero small business customers across Australia, Canada, New Zealand, Singapore, South Africa, the UK and …

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Arabon Accountants fair work changes

Fair Work Act Changes: Protecting Worker Entitlements explained

As part of the Australian Government’s new Protecting Worker Entitlements laws, there have been several changes made to the Fair Work Act. What applies now Some changes took effect on 1 July 2023. They include: changes to unpaid parental leave entitlements protections for migrant workers changes to the way enterprise agreements and workplace determinations interact. …

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Arabon Accountants proposed industrial relations reforms

Proposed Industrial Relations reforms and what they mean for business

The Federal Government has received final submissions for a raft of proposed industrial relations reforms it hopes to introduce to parliament later in the year.  So, what do we know about the possible changes and how could they affect employers? Five key areas of change Information released by the Department of Employment and Workplace Relations …

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Arabon Accountants siide hustle

When is a side hustle a business?

The rise and rise of OnlyFans, YouTube, TikTok and other online platforms offer amazing opportunities for content creators to generate an income from their side hustle.  As these opportunities increase alongside the sometimes-considerable income streams, the Australian Tax Office (ATO) has issued warning to the rising industry. How are content creators taxed? An update released by …

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Arabon Accountants tax planning

Top Tips to get you through the End of Financial Year

As the end of the financial year (EOFY) approaches, it is important for businesses to prepare themselves accordingly. This is the time when businesses must reconcile their accounts, file their tax returns and make necessary adjustments to their financial strategies. Proper preparation can help businesses maximise their returns and avoid costly mistakes. Here are some …

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