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The Empire Blog

Curated blog articles to help you keep you educated and informed in all things accounting, tax, bookkeeping and business related topics.

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All you need to know about the FBT Exemption When Buying a Plug-in Hybrid Car (PHEV)

In this blog, we’ll walk you through the key criteria for qualifying for the FBT exemption, the costs that can be included, how to handle electricity expenses for charging, what you need to know about charging stations, and some common pitfalls to avoid as a business owner.

Client Feature: Easy Automated Sales

Easy Automated Sales is a brisbane based software business providing practical solutions for SME's.  We sat down with owner, Colin Feguson, to learn more about this product and how it can best help Brisbane small business.

Client Feature: Lord Mayor's Women in Business Grant 2025

Applications are now open for the Lord Mayor's Women in Business Grants for 2025.  Now in it's fourth year, the Lord Mayor's Women in Business Grant has supported the development of more than 250 women-led Brisbane businesses across a range of industries.  One of our valued clients, was one of these worthy recipients for the 2024 round and has kindly shared some words of her experience and the benefits she obtained from being a grant recipient.

Navigating the GST system for Health Service Professionals

Navigating the Goods and Services Tax (GST) rules in Australia can be a tricky process for small business owners in the health sector. If you're a doctor, speech therapist, chiropractor, psychologist, or any other professional in the healthcare industry, it's crucial to understand how GST applies to your services. We have summarised the most common scenarios for GST treatments for health practitioners.

Claiming Assets in your small business in the 2024 year

With the end of temporary full expenses, it is important to be aware of the updated rules for asset depreciation and the benefits of the instant asset write-off (IAWO) scheme. This breakdown of changes and guide will help you understand these changes and how they might affect you and your business.

An Empire Guide to Claiming Work from Home Expenses

It’s important to keep in mind that the Australian Taxation Office (ATO) has become more strict on these deductions, so it's crucial to understand the rules and keep accurate records. This guide is here to help you, understand what is required when you claim home office expenses on your tax returns. By following these tips, you can maximise your tax return and stay compliant with tax regulations!

Top 10 Tips to Pay Less Personal Tax in 2024

As June 30th rapidly approaches, it's important to consider strategies that can help you minimise your tax liability for 2024. Whether you're a chippie, doctor, engineer, sales rep or architect, considering some of these tips below and whether they apply to your circumstances may save you paying more in tax than necessary.

When Does the Superannuation Work Test for Super Contributions Still Apply?

The superannuation work test serves as a pivotal requirement for individuals navigating the landscape of voluntary contributions to their superannuation fund, especially as they approach and surpass the age of 67. But what exactly does this test entail, and why is it so crucial?

Learn how to Boost your financial future with SMSF & Property

Australia's real estate market has long been considered a safe and lucrative investment avenue. With a stable economy and a consistently growing property market, it's no wonder that many Australians view property as a key component of their investment portfolio. One pain point we often hear from clients is the fact that their superannuation fund doesn’t directly invest into property. In this article we are going to explore the only legal way to borrow and acquire property in super which is via a self-managed superannuation fund (SMSF).

Empire Partner in Business Feature: GRAF-X Design Suite

GRAF-X Design Suite is a graphic design agency based out of Brisbane servicing clients anywhere and everywhere.  Their clients vary widely, both in size (micro and small businesses through to large multinationals) and across a huge range of industries

The Impact of Artificial Intelligence on the Accounting Industry

In the dynamic landscape of technology, the accounting profession has undergone significant transformations over the years. At Empire Accountants, we believe we must recognise the imperative need to evolve with emerging technologies. From its paper-based origins to the current era of cloud-based software, the need for Accountants to constantly adapt to this change is now more important than ever.

Apps to Streamline Financial Management for Not-For-Profit Organisations

This article will explore why a not for profit organisation will want to consider technology as an integral part of their organisation to help maintain good quality records.