MENU

ATO Festive Reminders

Christmas Parties & Gifts 

If a business holds a Christmas party:

  • on a working day, at the business premises, and only for current employees, no FBT applies
  • off business premises, or the party includes associates of employees (such as their partners), no FBT if the party is a minor benefit where:

– cost for each person is less than $300; and
– it would be considered unreasonable to treat it as a fringe benefit

  • there is no FBT for the costs relating to clients

See summary below:

RECAP: Harris Black Business Leaders Forum – November 2024

In this workshop, we looked at ‘Strategic moves 2025: Unleash growth, navigate challenges, and maximise team potential’.

Attendees learnt how to drive growth and outpace the competition in 2025’s challenging market. We recapped key learnings from 2024, and lessons learnt, we looked at how to make tough strategic decisions, harness emerging marketing trends, and manage difficult team dynamics for optimal performance. We wrapped up with a powerful 90-day action plan to ignite success and drive results in the year ahead.

If you are interested in joining our practical and high-value learning sessions, we would like to invite you to join us at the next Harris Black Business Leaders Forum on 6 March 2025.

Click the button to register your interest.

Click the date and save our 2025 Harris Black Business Leaders Forum workshops into your calendar:

Brentnalls Conference – October 2024

We recently attended the 55th Brentnalls Affiliation (Brentnalls Chartered Accountants and Advisors Australia). Biannual Conference in October 2024 in Sydney. Hosted by Brentnalls NSW, the event brought together 32 attendees for a productive, insightful, and enjoyable experience.

An Agenda to Remember

The conference offered not only a superb location, food, and accommodation, but also an impressive agenda that fostered idea-sharing, success stories, and learnings across affiliated firms. Held each year in the latter half of the calendar, this gathering draws directors, principals, and practice managers from the Brentnalls network. This year’s discussions focused heavily on financial outcomes, operational updates, and strategic challenges. Each firm shared Practice Updates covering their operational, strategic, financial, people, and technology practices, creating a valuable forum for insights and collaborative learning.

In-Depth Sessions and Timely Topics

Highlights of the conference sessions included:

Practice Succession Planning – an in-depth session exploring strategies for seamless succession and continuity for our firms.

Division 296 Superannuation Changes – an interactive workshop providing essential updates on draft superannuation legislation changes.

Accounting Advocacy – a presentation by Chartered Accountants Australia and New Zealand (CAANZ) on their initiatives to attract students to the accounting profession and promote the Chartered Accountant pathway.

Professional Standards – an overview of recent changes, also presented by CAANZ, to the TASA Code of Conduct and updates from the Accounting Professional and Ethics Standard Board (APESB) on their revised Code of Ethics.

Exceptional Culinary Experiences

The culinary experience was a memorable one, with meals at top Sydney venues. Attendees enjoyed exquisite dishes at Q Dining, with breathtaking views of Circular Quay, as well as delicious meals at Dixon & Sons Restaurant at the Porter House Hotel and Babylon Rooftop Restaurant.

A Conference to Inspire Action

The conference was a resounding success, with each affiliate firm leaving inspired and equipped with actionable tasks and fresh ideas to implement within their practices. This event once again highlighted the value of collaboration and the strong network we share within the Brentnalls Affiliation.

QCoal Foundation News: Fly High!

Harris Black extends its heartfelt congratulations to QCoal Foundation for the recent opening of the RFDS Aeromedical Training Academy in Bundaberg. This state-of-the-art facility is set to provide top-tier training for both RFDS and non-RFDS pilots, enhancing the skills and preparedness of those who play a crucial role in aeromedical services.

The academy represents a significant advancement in aeromedical training, offering cutting-edge resources and programs designed to meet the highest standards of aviation and medical care. This initiative not only supports the Royal Flying Doctor Service (RFDS) but also contributes to the broader aviation community by equipping pilots with the expertise needed for critical aeromedical missions.

Congratulations to QCoal Foundation for their commitment to excellence and their support in making this vital training academy a reality.

Harris Black proudly supports QCoal Foundation!

Photo credit: QCoal Foundation LinkedIn Page

2024 AFR Top 100 – Brentnalls Ranked No.33

Harris Black is proud to be the founding member of the Brentnalls National Affiliation, which has been ranked 33rd in the Australian Financial Review Top 100 Accounting Firms of 2024.

This recognition not only celebrates Brentnalls’ success but also underscores the collaborative efforts of its talented team. The firm’s strategic initiatives and focus on delivering exceptional value to clients have been key drivers in achieving this notable ranking.

Congratulations to Brentnalls on this well-deserved honour, reflecting their ongoing pursuit of excellence and leadership in the accounting profession.

2024 Melbourne Cup Day

Giddy up!

Harris Black hosted a memorable Melbourne Cup celebration at Malt Dining in Brisbane. The event featured delicious food, fine champagne, and an exciting atmosphere as everyone watched the race.

Everyone enjoyed the celebrations, with some even trying their luck on a few bets.

It was a day filled with fun, laughter, and great company, making it a truly special occasion.

How can we help you?

Today’s financial environment demands a regular review of strategy and a focus on execution.