Tax Strategies

Work-related counselling provided to employees (and their associates) in order to improve or maintain their efficiency at work or prepare them for retirement will be tax deductible and FBT exempt.

Long service awards granted in recognition of 15 years or more service are tax deductible and FBT exempt up to a certain amount.

Providing the following 5 work related items to employees is tax deductible and FBT exempt.

Employer provided taxi travel that is a single trip beginning or ending at the employer's place of work will be tax deductible to the employer and an FBT exempt benefit to the employee.

This strategy involves purchasing a corporate box sponsorship package for the AFL Football, rugby, horse racing, speedway, etc.

Holding a Christmas party on business premises during work hours is the most tax effective option for businesses.

This strategy makes private pet ownership costs tax deductible. The workplace pet's food, vet, insurance, grooming and other costs will be tax deductible.

Pooled development funds (PDFs) are eligible investment companies that are registered under the Pooled Development Funds Act 1992 (PDF Act).

Undertaking a property development in a SMSF can result in zero tax payable if the fund is in the pension phase (or 15% if the fund is in the accumulation phase).

The Junior Mineral Exploration Tax Credit (JMETC) encourages non-mining investors to invest in exploration companies and help fund their exploration activity.