Blackburn Accounting - Home

Family Business
Management - Grow a business for the next generation

Cashflow
Management - Measure, Track & improve your cashflow

Business
Development - Expand & prosper in new markets

Accounting

Get on top of your cash flow and gain confidence in your daily business decisions with accurate accounts, timely reports and an expert to help you make sense of your numbers.

Taxation

We go beyond traditional tax preparation and provide you with tax minimisation strategies to help you earn more and keep more.

Business Structures

We recommend the best business structure to minimise your risk, minimise your tax and maximise your asset protection.

Expansion into new markets

New markets have a range of different requirements, taxes and unknowns that can be difficult to navigate. That’s where we can help.

Business development, communication and advice

Through proactive and ongoing advice and business analysis, Blackburn Accounting helps you to implement plans to promote growth and protection

Superannuation & Retirement Planning

Keeping on top of your cashflow is challenging enough without worrying about your future and whether you can support yourself in your retirement.

Difference

We guarantee a response by the next working day
Personalised service
Focus on Results
Family Business Specialists

Plans

Plans to suit your needs!

Your Accounting Partner

Your Management Accounting Partner

Your Expansion Engineer

Your Special Projects Partner

Blog

Tax Matters!

Tax Matters!

Taxes List

ATO ramps up warnings on $50b in tax debts.

This warning from the new Tax Commissioner as the ATO chases $50 billion in outstanding debts, claiming increasing numbers of Australian small Businesses operators are falling behind on tax and superannuation obligations.

At a recent small Business summit in Sydney the Commissioner said ‘it’s critical that all employers, big and small, keep on top of their obligations to their employers first and foremost, as well as their obligation to government in respect to GST, income tax and other taxes’.
Previously, in November, the ATO warned Business to stop using unpaid tax and superannuation liabilities to prop up their cash flow, stressing its debt book was not a bank.

If these matters concern you, act now, heed the warnings!

Need help? contact Blackburn Accounting, we are experts in taxation matters.

Tax Debts can affect your credit ratings

Disclosure of Business Tax Debts:

Be aware that in certain circumstance the ATO may disclose your debt information to credit reporting bureaus (also known as credit reporting agencies).

The ATO lists a number of criteria where they may report your Business tax debt. These are provided on the ATO website.

Note: It will not report your debt information to credit reporting bureaus (CRBs) if you are already engaged with them to manage your tax debts and may also decide not to report your tax debt information if you are experiencing exceptional circumstances.

You can find full details on the ATO website.

More from the ATO

Fringe Benefit Tax – Facts to Know!

Fringe Benefit Tax – Facts to Know!

Fringe Benefits

What it is, how it applies and what you need to do as an Employer!

What is Fringe Benefits Tax?

Fringe Benefits tax (FBT) is a tax paid by employers on certain benefits provided to their employees, or to their employees’ family or other associates.
FBT is separate to income tax. It's calculated on the taxable value of the fringe benefit.
As an employer, you must self-assess your FBT liability for the FBT year (1 April to 31 March). If you have an FBT liability, you must lodge an FBT return and pay the FBT you owe.

What is a Fringe Benefit?

A fringe benefit is like a payment to an employee, but in a different form to salary or wages.

There are different types of fringe benefits. Examples include:

allowing an employee to use a work car for private purposes
car parking
paying an employee's gym membership
providing entertainment by way of free tickets to concerts
reimbursing an expense incurred by an employee, such as school fees
giving an employee a discounted loan
giving benefits under a salary sacrifice arrangement with an employee.

Not a Fringe Benefit.

Examples that are not fringe benefits are listed on the ATO website.

Who receives Fringe Benefits?

Gregg Mountford

"Tim has been our accountant for over 10 years and throughout that whole time, he has been very professional, trustworthy, efficient and a pleasure to work with. He has the capacity to understand complex issues and his knowledge is always up to date, providing a quality service."

Gregg Mountford Managing Director – Negotiator WA Pty Ltd

"Tim has been our accountant for the last eight years. He has an exceptional understanding of the for ever changing tax landscape which benefits all of his clients. As Tim has moved through his career we have followed, I think that’s testament to his ability!"

Leon Sainken Managing Director – LSA Advertising

"We have known Tim Blackburn since June 2007. He has been our accountant with the Glenrange Global Pty Ltd and Glenrange Enterprises refrigeration electrical engineering business and our food export business Auspies Pty Ltd to Russia."
Peter Shewring
Managing Director – Glenrange Global Pty Ltd

"During this time Tim has shown a professional aptitude to all matters of taxation and general advice for and to business, including the exporting business where there has been a high degree of complexity regarding accountancy, business strategies and taxation requirements.
From the exporting company inception, Tim travelled to Russia to facilitate Aussie Pie Pty Ltd for the compliance to both countries taxation regulations requirements.
Tim has the ability to place the customer and/or the company first, a rare commodity in today’s world."
Peter Shewring