The festive season has arrived! But before you book the venue or purchase gifts for the team, it’s worth checking how the ATO views these expenses. In this post, we break down the difference between "entertainment" and business expenses, explain Fringe Benefits Tax (FBT), and look at how the Minor Benefits Exemption might apply to your Christmas planning.

Will and Susan recently traveled to Melbourne for the ICB Summit 2025. From the evolving role of AI to the critical importance of cyber security, read Will’s reflection on where the industry is heading and what it means for Australian small businesses.

Stay ahead of workplace changes with the Small Business Peak Program, brought to you by COSBOA and funded by the Australian Government. This program provides small business employers with plain English resources, downloadable toolkits, and step-by-step guides to navigate industrial relations changes like wage updates, casual employment laws, and superannuation requirements. Simplify compliance and access free, instant information to make managing your workplace easier.

Plan your festive season with confidence. Learn about tax rules for business parties, gifts, and Fringe Benefits Tax exemptions to ensure compliance while celebrating.

Stay ahead of workplace changes with the Small Business Peak Program, brought to you by COSBOA and funded by the Australian Government. This program provides small business employers with plain English resources, downloadable toolkits, and step-by-step guides to navigate industrial relations changes like wage updates, casual employment laws, and superannuation requirements. Simplify compliance and access free, instant information to make managing your workplace easier.

Eligible small businesses can take advantage of the Instant Asset Write-Off (IAWO) for 2024, allowing full deductions on assets under $20,000. QiBalance Bookkeeping ensures accurate record-keeping and tracks eligible purchases to maximise your tax benefits. Learn how IAWO can provide immediate tax relief and optimise your business outcomes.

Did you know 43% of small businesses didn’t turn a profit last year? With rising operational costs, resilience is essential for sustainability. Our latest blog covers essential financial strategies to help your business stay strong, from managing cost increases to mastering your breakeven point. Whether you’re a startup or established, these insights could make all the difference.

Source documents – receipts, invoices, credit notes, bank statements, remittance advice, loan documents, insurance payment schedules and so on – are a central component of accurate bookkeeping. 

The Australian Taxation Office (ATO) has observed an increase in scams that target individuals’ Personally Identifiable Information (PII). Learn how to protect your Personally Identifiable Information (PII), get essential tips on identifying and avoiding scams, and discover how QiBalance Bookkeeping can help you safeguard your data.

If you employ in Australia, and your total wages paid or payable is over a certain threshold, you may be required to pay payroll tax. Find out how much your business might be liable in this blog post.

If you are an employer or plan to employ in future, the ‘right to disconnect’ is something that could impact you. Find out your rights and obligations under this new legislation.