Year: 2026

Fringe Benefits Tax (FBT) returns: A bookkeeper’s step-by-step guide to accurate FBT reporting helps you connect an employer’s FBT liability with an employee’s reportable fringe benefits amount (RFBA) when reporting is required. Fringe benefits (for example, a company car) can create an FBT liability for the employer and may also create an RFBA for the…

Single Touch Payroll in Bookkeeping Software: Comparing Xero’s vs QuickBooks’ Real-Time Payroll Capabilities is essential when you are choosing the right accounting software for your Australian business. For many small businesses, the choice often comes down to Xero accounting software vs QuickBooks Online, and how well each one can manage payroll and Single Touch Payroll…

PSI compliance checklist: what records the ATO expects to see when assessing your contractor income matters whenever you earn PSI mainly from your own personal efforts rather than from a big team or large assets. When most of your income is personal services income PSI, the Australian Taxation Office will expect you to keep clear…

Does Your Business Pass The PSI Results Test is a key question if most of your income comes from your own personal efforts rather than selling goods. If your income is considered Personal Services Income, the PSI rules can limit some tax deductions and affect how income is reported. This article gives you a practical…