A chilly 12-degree night with drizzling rain and nothing more than a cardboard box to keep dry and sheltered from the elements. On Thursday 20th June 2019, the longest night of the year, the 2019 Vinnies CEO Sleepout took place and we undertook the challenge of sleeping on the streets to help create awareness and funds for homelessness in Australia. This year, we had two attendees from the Walker Hill office, Alex Hanley and Nick Hill, take on a challenge that thousands of Australians face each night.
Receipts, whether you’re collecting them in your wallet, a shoe box or electronically, by the end of a financial year, there always seems to be a large amount of them. Not wanting to miss out on deductions, you may cram receipts into files or, worse still, consider them an afterthought and scramble to find the information you need when the EOFY rolls through. It’s time to get the record straight on what you need to keep records of.
In the pre-30 June period, we help many businesses prepare by highlighting the key areas that should be thought about, considered and actioned before 30 June to ensure that their business is ready. We’ve found that there are three main areas that businesses should focus on before the end of the financial year to help ensure success in the upcoming one.
With the end of the financial year quickly approaching, you may be thinking about the tax deductions you could be eligible for. Personal super contributions can be one area that you may be able to claim a tax deduction in if you have contributed to your super fund (other than employer paid superannuation).
Thousands of Australians face homelessness each night, a number that, as far as the Walker Hill Chartered Accountants team is concerned, is far too high. To help combat this issue, we are participating in the Vinnies CEO Sleepout again for the fifth year running.
Visiting your accountant isn’t always on the top of your To Do list. However,
having regular touch points with one of your most trusted advisors is the best way to ensure that
you’re on track for your future ambitions, compliant and, overall, making it count.
Fringe Benefits Tax (FBT) is the tax payable by employers for benefits paid to an employee in place of salary or wages, such as salary sacrifice schemes and fuel tax credits. With the FBT year coming to an end on 31 March, it’s time to think about lodging if this tax applies to you.