The End of Year Christmas Party - do you know if FBT is applicable and how to account for it? You may need to allow for Fringe Benefit Tax (FBT) when throwing that end of year Christmas Party and not just treat the cost as a business expense. Points to consider to determine if FBT is applicable:     Who is attending the Christmas party (e.g. clients; employees; suppliers; employee's partners);     Where is the party being held (e.g. at your...

Household Worker Insurance Do you employ workers in your home?  Most people are unaware that they have to insure casual workers, that complete work at their home, and that it costs very little to insure them.  A household worker could be: a Cleaner a Babysitter a Nanny a Gardener a Labourer or Tradeperson. This article provides some good examples of how a WorkCover Queensland insurance policy could save you thousands of dollars if the...

Christmas is just around the corner, along with a hectic round of parties, etc.  To start 2018 fit and refreshed, rather than financially flattened, here's a 7-step plan to consider for managing your upcoming expenses: 1.  Create a budget Use a spreadsheet to work out how much you can afford to spend on gifts, holiday, food and drink and STICK TO IT. 2.  Be sensible with your gifts Talk to family and friends about setting a do...

After a business loan - MCKFS are finance and mortgage brokers As an accredited member of Plan Australia MCKFS has access to many lenders. One of our lenders currently has the following on offer for their small business loans (available until 9 December 2017): Business Essentials Variable Rate of 4.45% pa (residential or commercial security) One flat establishment fee of $800 Loan valuation fee waived 100% loan offset account For new bank loans up to...

AUSTRALIAN TAXATION OFFICE SCAM ALERTS Everyone needs to be wary of anybody calling from the Australian Taxation Office (ATO) requesting payment of any outstanding tax debt or requesting their bank account details for crediting a tax return refund. MCKFS Total Service Clients (TSC) should request the person's contact details, and then immediately phone our office (1300 261 373), so that we can assess whether or not the phone call is legitimate. All MCKFS TSC tax ...