Entries by JigsawReview

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Wages – Cash or on the Books?

Many businesses continue to pay their staff cash wages for a variety of reasons – but what’s in it for you – the employer? Advantages of paying your staff with cash wages When reviewing wage expenses, and we identify cash wages, we hear all sorts of excuses – some potentially valid and some purely to minimise […]

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Cryptocurrency: how tax affects blockchain currencies

  For decades, accountants and tax authorities have grappled with how to value, trade and eventually tax intangibles. Over time, we’ve come up with ways to effectively manage intangibles such as brand names, rights, trademarks, systems and even how much a business is valued by an owner, over and above the tangible assets – goodwill. […]

Choosing your business structure

Australia’s complex tax laws and regulations make it time-consuming and costly to choose a small business structure. Jigsaw Tax & Advisory can provide guidance and assistance in helping you choose the correct structure for your business. The choice of structure will depend on the size and type of business, your personal circumstances and how much […]

Key Changes to FBT for 2018

Fringe benefits are an important part of business and can be a useful way of attracting quality staff. However, if you’re going to provide fringe benefits to your staff, you need to be aware of your taxation obligations. Fringe Benefits Tax (FBT) can be difficult to understand, particularly when the government constantly makes changes to […]

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Is This the End of Cash Being King?

One of the ATO and Commonwealth’s key focuses in recent times has been the cash and hidden economy. Particularly, the ATO is concerned about businesses who advertise ‘cash-only’ or deal mainly in cash. We can see that the ATO and the Commonwealth are both pushing for more transactions to be electronic – by regulating merchant […]

How Cloud-Based Technology Can Help Your Business

We now live in an era where every aspect of business management that used to be on paper is now done digitally. What’s more, we are rapidly moving into a period where everything that was once done online. This is an exciting time for business owners as so much of the work involved in running […]