Blog by Ease
Sharing with you all the latest technology and accounting knowledge to run your business with EaseFringe Benefits Tax for the 2024 Year
By: Sian Dawson and Rex Ting https://youtu.be/eUDbgyVYoC0 As the 2024 calendar starts the fun of Fringe Benefits Tax is just on the horizon as the FBT year ends on 31 March 2024. Just as a recap FBT is a tax levied on non-cash benefits provided by employers to their...
Business and Company Registrations
Are you looking to set up a Business or Company? We can help with that! Negotiating around ASIC and understanding your responsibilities can be a minefield - and youneed to get it right the first time and in a timely manner - ASIC (Australian Securities &...
Driving and your business – 10 things to consider when it comes to tax
The rules around car deductions and tax issues seem to get more complicated every year. Here are 10 points to keep in mind when considering your tax situation and cars: 1. Most vehicles require a log book in order to maximize a tax deduction to claim against...
Corporate Contractors may not be eligible for a 25% company tax rate
By: Rex Ting In certain industries, it is a prevailing practice for employers to designate their workers as contractors rather than employees. Moreover, workers are often instructed by their employer to establish a limited company through which they can contract their...
To DIY or not to DIY
By: Drew Streitberg The media has lately been covering the seemingly shocking outrage many young Australians are facing this tax season when completing their own tax returns. A lot of this would appear to stem from a lack of awareness of the Government’s “lamington”...
Tax Planning: Quick Guide
Tax planning is an essential part of managing your business's finances and cash flows. It involves structuring a company's affairs to ensure that they are compliant with tax laws and regulations while minimising the amount of tax paid and utilising existing tax...
Why shift to Direct Debit?
As a business that offers a range of services, EASE Business Services has been using accounts receivable for years to collect payments from our clients. However, we have recently made the decision to transition to a direct debit model, and we believe this change will...
5 Reasons your business needs professional accounting services
By: Marjolyn Noble As a business owner, it can be tempting to try to handle all aspects of your business on your own. However, when it comes to accounting, it's important to consider the benefits of hiring professional accounting services. Here are five reasons why...
The FBT (Fringe Benefit Tax) In A Nutshell
https://www.youtube.com/watch?v=KMsMP__Fl_4 The Fringe Benefit Tax (FBT) is imposed on benefits given to employees, and the employer is responsible for paying the FBT. The FBT rate is approximately 90% of the benefit value. Even if you didn't provide any fringe...
Bookkeeping: Why is it important?
By: Marjolyn Noble Bookkeeping: Why is it important? Bookkeeping is an important task for any business, as it provides the foundation for accurate financial records and reporting. However, managing bookkeeping tasks in-house can be time-consuming and may distract from...
IMPORTANT: Xero Plan Price Changes
Unfortunately, as many of the online apps have been doing, Xero has decided that it will be raising its prices this September. From the 22nd of September 2022, the following changes to Xero plans will occur, which we will need to pass on to all our clients. Those who...
Top Tips to Stop Money Leaks from Your Business
If you are feeling a little despondent that your business appears to be doing well but the profits don’t reflect that, you may have some invisible money leakages due to a variety of reasons. Here are six tips that may help to stop some of the outflows. Tip...
When should I reach out to my accountant? – Will this get me in trouble?
When you’re running your own business there are all types of situations you find yourself in where there’s an important decision to make. When it comes to these decisions, making the wrong one is often hard to reverse and could cost you thousands of dollars more...
What Business Structure do I start with?
So you’ve got your great idea, you’ve done your research and you’re ready to take the next step, where do you start? Well, in our professional opinion we suggest you give some time to consider what business structure you should implement because it will cost you time...
IMPORTANT: Stimulus Package 1 – Support for Small Business
As a business owner, you need to face the possibility of team members being absent from your workplace, product supply issues and demand for your services and products reducing over the short term. There are 3 urgent things you need to be aware of:1. Government...
IMPORTANT: AN UPDATE ON EASE BUSINESS SERVICES RESPONSE TO COVID-19
In light of the recent developments around the Coronavirus (or COVID-19) and the uncertainty we are all facing today, we felt it's important to email you to assure you that we expect no major interruptions to the services that we provide to you. OUR CLOUD SYSTEMS MEAN...
Logbooks, Why you need one!
by Marjolyn Noble Oh no, the dreaded log book, why do we need to revisit this? Hmmmm, because it is often misunderstood and could potentially cost you thousands in tax deductions. We here at EASE are all about helping you minimise...
Hubdoc Digital Receipt Management
by Marjolyn Noble Technology is now driving change like we've never seen before. We now have the ability toquickly save and manage your business receipts within your accounting system. To do this we can use service providers such as Squirrel Street, Receipt...