G&A Editorial Team

In Australian business management, purchasing a vehicle through a company structure is often considered a tax-efficient strategy. However, the boundary between a business asset and a private benefit is extremely narrow. Without a clear understanding of Fringe Benefits Tax (FBT), businesses may face unexpected tax exposure, penalties, and adjustments from the Australian Taxation Office (ATO). Many business owners often ask: do I pay FBT on company car in Australia - the answer depends entirely...

In Australia, many small and medium-sized enterprises (SMEs) - particularly in Nails & Beauty, Construction, and Hospitality - prefer hiring workers as independent contractors to reduce payroll costs and administrative burdens. The common model involves: Workers providing an ABN (Australian Business Number) Issuing weekly invoices The business not paying Superannuation No Annual Leave or Sick Leave entitlements Contractor or Employee? The Superannuation Risks of Worker Misclassification...

Many businesses in Australia are unintentionally misclassifying employees in their payroll systems without even realizing it. A casual employee working fixed roster hours for years, a part-time employee not receiving correct leave entitlements, or incorrect Award rate calculations - all of these can become major financial and compliance risks. Full-Time, Part-Time Or Casual Employee If audited by the Fair Work Ombudsman, businesses may face serious consequences, including: Back payments for...