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Our Free App is ready for download. Our Free App is ready for download. Smith Feutrill chartered accountants, located in Hawthorn, Victoria, is committed to the long term financial freedom and security of clients from Australia and abroad.

With over 30 years experience in dealing with small and medium enterprises, the accountants of Smith Feutrill use their expertise to advise businesses and aid them in areas such as sales, acquisitions, valuations and finance structuring.

In addition, Smith Feutrill accountants use their extensive experience to effectively accomplish promised results in business support, company secretarial and accounting, taxation and superannuation services.

Clients can expect a tailored service that is structured around their particular needs and unique circumstances. In this way Smith Feutrill accountants develop active client relationships that enable them to account for all aspects of a client’s financial situation.

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Offering employees non-cash benefits

Posted on March 24, 2017 by admin

Most small business owners would love to be able to offer their more valuable employees a pay rise. Increasing an employee’s pay is likely to reduce staff turnover, increase job satisfaction and boost productivity by raising motivation and commitment. Unfortunately, most small business owners are simply not in a position to offer their staff a larger pay packet. However, there are a number of non-cash benefits that you may care to consider as an alternative course of action for recognising and rewarding good work. These non-cash benefits may not have a dollar value. For example, allowing employees to work from home once a week or rearranging their working hours to better suit other commitments. Non-cash benefits may also have an identifiable dollar value, and in this case employers need to be aware of fringe benefits tax (FBT) before they decide to offer a non-cash benefit. Non-cash benefits that attract FBT include, but are not limited to, personal use of a company car, cheap or interest-free loans, and entertainment in the form of food and drinks. Typically, where an employee is provided with a fringe benefit, the cost of the benefit is deducted from their gross (before tax) pay and the […]