News Bulletin 13 April 2011

Tax update: Fringe benefits tax returns

FBT returns are due in May. In this tax update we share some useful information on three key areas that many businesses overlook when it comes to FBT: car fringe benefits, meals and entertainment fringe benefits and tax effective salary packaging for work related items.

SMSFs: Binding death nominations and how they work

Binding death nominations are an important consideration for anyone with a SMSF as they provide instructions on who will receive the superannuation benefits if a member of a super fund dies. Here we discuss what's required and the important aspects to consider.

Smarter Business Ideas: Getting credit card happy

Michael Derin talks with Smarter Business Ideas on some of the common benefits and pitfalls of using credit cards in your business. He offers some useful advice for anyone using a credit card to pay expenses and warns against relying on them as a loan facility.