The 2019/2020 Federal Budget sees the Government predicting a return to a surplus of $7.1 billion. Driven by the politics of a looming election, the Government is lowering taxes and increasing spending with a focus on low/middle income earners, small business, senior Australians and transport infrastructure.   Here is a summary the key measures announced: Surplus Budget – a Budget...

At some point, every organisation provides meals or refreshments to its employees, clients and other persons alike but there is often doubt about how to account accurately for these expenses.  In this blog, we will discuss what constitutes entertainment and its correct tax treatment. Generally speaking, there is no tax deduction available for entertainment expenses except for “meal entertainment” expenses...