Fringe Benefits Tax (FBT), GST, Tax Deduction

Planning your annual work Christmas party should be a joyous occasion, a chance to thank your dedicated team for their hard work throughout the year. But for many Australian business owners, the festive cheer often comes with a side of tax-related questions. Understanding the ATO's perspective on your end-of-year celebrations is crucial to avoid unexpected Fringe Benefits Tax (FBT) bills, maximise deductions, and ensure compliance. Let's unwrap the tax implications of your work Christmas party.

‘Tis the season to be ATO compliant for work Christmas parties

Brett 02/12/2025

Planning your annual work Christmas party should be a joyous occasion, a chance to thank your dedicated team for their hard work throughout the year.

There's a persistent myth circulating among Australian business owners: dual cab utes are automatically exempt from Fringe Benefits Tax (FBT). While these versatile vehicles are indeed workhorses for many industries, the reality is far more nuanced. Simply providing an employee with a dual cab ute doesn't automatically grant an FBT exemption, and misunderstanding these rules can lead to unexpected tax liabilities for your business.

Dual Cab Utes & FBT: Don’t Get Caught Out

Brett 18/11/2025

There’s a persistent myth circulating among Australian business owners: dual cab utes are automatically exempt from Fringe Benefits Tax (FBT). While these versatile vehicles are

Remember Jordan Belfort? The charismatic, cocaine-fuelled stockbroker from 'The Wolf of Wall Street'? While his cinematic exploits make for compelling viewing, from a bookkeeper's perspective, his entire operation was a ticking time bomb of non-compliance, tax evasion, and ultimately, fraud. Let’s imagine for a moment we were Jordan’s bookkeepers at Nova Business Services. What advice would we have given him at various stages of his meteoric (and illegal) rise?

The Wolf of Wall Street: A Bookkeeper’s Compliance Nightmare

Brett 08/10/2025

Remember Jordan Belfort? The charismatic, cocaine-fuelled stockbroker from ‘The Wolf of Wall Street’? While his cinematic exploits make for compelling viewing, from a bookkeeper’s perspective,