Clayton 
Clayton has run Business Edge Advisors since 2013. The practice has been on the border since 1988, and he took it over with the same idea it started with: a business owner should be able to ring their accountant and get a straight answer.
Most of his week goes on trade and small business owners around Albury and Wodonga, working through the things that actually decide whether a year went well. What structure to be in, what to do before 30 June, and whether the numbers on the screen mean what the owner thinks they mean. He writes here about the questions that come up most often, in the same words he would use across the desk.
Registered Tax Agent 20651000. Level 1, 561 Olive Street, Albury NSW 2640.
Fringe Benefits Tax (FBT) is a tax employers pay on certain benefits they provide to their employees (or their employees’ associates) in addition to salary or wages. One of the most common types of fringe benefits provided by employers is the use of vehicles. This guide aims to provide small business owners with a comprehensive … Read more
When trading in an old car to purchase a new one, it’s crucial to understand the tax implications. Here’s a comprehensive guide for small business owners considering non-fuel efficient, fuel-efficient, and electric vehicles, including options like utes with specific towing capacities. Tax Implications Overview Below is a table summarizing the key differences in tax implications … Read more
The Federal Budget 2024-25 has introduced several key initiatives aimed at alleviating financial pressures and promoting economic resilience. Here’s a detailed overview tailored for small business owners, highlighting the most relevant budget measures and what they mean for you. Inflation and Economic Outlook The Treasurer has projected that inflation will decline by 0.75% due to … Read more
Running a small business is like having another child – it demands a lot of your time and attention. Sometimes, the lines between your personal life and your business can get blurry. But when it comes to company finances, the Australian Taxation Office (ATO) expects clear distinctions. Why the ATO is Cracking Down on Personal … Read more
As the Fringe Benefits Tax (FBT) year wraps up on March 31st, it’s crucial for small business owners to stay informed about potential areas of scrutiny from the Australian Taxation Office (ATO). Let’s delve into some of the key FBT considerations that could impact your business. Electric Vehicles: A Spark of Change The government’s recent … Read more
In the intricate dance of tax compliance, the alignment between what taxpayers declare and the evidence at hand can often tip the scales between smooth sailing and rough waters with the Australian Taxation Office (ATO). A recent decision by the Administrative Appeals Tribunal (AAT) brings this issue into sharp relief, offering valuable lessons for small … Read more
The Australian Taxation Office (ATO) has recently unveiled TD 2023/D4, a draft determination that sheds light on the deductibility of financial advice fees for individuals. This guidance, aimed at those not engaged in a business, seeks to clarify and update the criteria for claiming deductions on these fees, a topic of interest given the evolving … Read more
In the realm of tax advisory, maintaining the highest standards of conduct and professionalism is not just expected—it’s essential. The Treasury’s recent unveiling of draft legislation and consultation papers marks a pivotal step towards fortifying the integrity of tax advisory services. This initiative, part of the Government’s comprehensive strategy to address tax adviser misconduct, underscores … Read more
Property development can be an attractive investment avenue, especially when leveraged through a Self-Managed Super Fund (SMSF) with its preferential tax treatments. However, navigating the complex terrain of SMSF investment in property development requires a careful approach to remain compliant with the rules. Understanding SMSF Investment in Property Development SMSFs can invest in property development … Read more
The Australian Government’s recent proposal to realign the Stage 3 personal income tax cuts, originally scheduled for July 1, 2024, marks a pivotal shift in tax policy. Aimed at providing more immediate financial relief, these changes focus on benefiting individuals earning below $150,000, a move that affects an estimated 2.9 million taxpayers. Understanding the Changes … Read more
