Managing your Expenses with a Small Business Accountant
Beyond Payroll, incomings and outgoings, are expenses, some of which may fall under Fringe Benefit Tax. Small Business Accountants may steer you away from these sorts of expenses as these may cost you and your employee more in terms of tax payments upon lodgement.
Most small business Accounting firms will recommend monitoring expenses that may lead to Fringe Benefit Tax, these include lunches, entertainment, travel and anything that may be considered unnecessary to the business or a personal expense.
As your small business Accountant in Sydney we can help you further understand the complexities of Fringe Benefit Tax, how to navigate staff expenses, company expenses and more. When we partner with our clients, we make it our priority to manage these areas and inform our clients on best practices when it comes to business and personal taxes.