Anderson & Associates
Accounting Services in Maroondah

The steady of Anderson Associates was founded by John Anderson in 1979. Today, we have a dynamic team of more than 20 professional and urge staff who yield a packed range of accounting services to individuals, insignificant to temperate businesses and notforprofit organizations throughout Australia. Our primary services are business development, compliance and audit, consultancy, and prosperity creation. Stephen has an energetic role in handling the affairs of many of the clients of the practice and reviewing the needs of the clients in the dynamic business environment operating today. John Anderson is the founding partner of Anderson Associates. John is predominantly involved in the taxation and business consultancy roles and has been a registered company auditor for a period in excess of 25 years. John has been involved in many industry groups specific to the needs of our clients and has a commitment to the ongoing development of the practice and it's staff. Together, both John and Stephen have developed an innovative team of professional and urge staff to bear clients with the support, resources and aid they need to excel in all aspects of Financial and Accounting Management. The APO will be reviewing whether all employers who should be paying FBI are, and that they are paying the right amount. To help you confront your fringe benefits obligations, we’ve put together a list of essentials every employer needs to know about FBI and review every year, such as: Do I need to review our salary sacrifice agreements? Generally, if you have employees, including directors and you provide them with cars, car parking, entertainment (food and drink), employee discounts, reimburse private expenses etc, then you are likely to be providing a fringe benefit and we will need to register your business for FBI. For employers with 20 or more tools of trade’ cars a vehicle needed for the job, like for a sales rep migrant extensively for the business the APO has a fresh process for validating the business use percentage of the car. It’s called the simplified method’, and if you meet the access conditions, you can apply an ordinary business use percentage to all tools of trade’ cars in your fleet for beginning log book year and the following 4 years. The employer chose the make and model of the car, not the employee. Your employees can’t choose to take excess remuneration in lieu of using the cars. Be conscientious though not to drop the individual’s income under the Debt levy threshold, and make sure the benefits provided under the salary sacrifice agreement replace amounts that would have been payable as salary, the employee agrees in writing to forego income earlier it is earned in return for benefits of a similar value, and the sacrificed amount comes out of the employee’s wages and not reimbursed into their bank account. Where an employee agrees to receive meal entertainment benefits instead of tomorrow salary, i.e. replace your fringe benefits with cash salary. Yield benefits that your employees would be entitled to claim as an income tax deduction if they had to pay for the benefits themselves. Use employee contributions, for example, an employee paying for some of the operating costs of vehicle fringe profit such as fuel that you don't reimburse them for. Prior making an investment decision on the basis of this advice, you should consider how good the advice is to your exceptional investment needs, and objectives. You should also consider the apropos Product Disclosure Statement prior making any decision relating to a financial product. This is a placeholder article that should be replaced with a sincere article earlier sending. Some of them are brilliant riches creation ideas.