This month we cover several practical updates that matter as we head towards financial year-end. The ATO’s revised EV home-charging rate delivers more generous deductions
This month, we delve into the newly enacted Division 296 superannuation tax, a significant change aimed at ensuring fairness for individuals with large super balances. We also explore the Full Federal Court’s landmark SEPL decision, which clarifies fringe benefits tax implications for family businesses, and unpack the Kilgour case’s impact on capital gains tax valuations in business sales. Plus, we highlight the ATO’s increasing scrutiny on work-vehicle FBT compliance. Stay informed and prepared for these critical developments that could affect your financial strategies and business operations.
Navigating Fringe Benefits Tax (FBT) compliance can be complex for small to medium business owners, especially when determining if you need to report benefits in
FBT updates and problem areas
• The FBT exemption for electric cars
• Does FBT apply to your contractors?
• Overlooking or misreporting FBT on private use of work vehicles
• Reducing the FBT record keeping burden
• The top FBT risk areas
Click on Download button for a copy Download
The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices. ATO data analysis has revealed that over 16,500 self managed superannuation
You’re Invited! Join Us for an Informative Session on Fringe Benefits Tax (FBT) As the end of the 2024 Fringe Benefits Tax (FBT) year draws
To cut or not to cut? Stage three personal tax cuts In September, amid a climate of startling interest rates, UK Chancellor Kwasi Kwarteng announced
Keep up with the latest business taxation news and read our latest newsletter below. Would you like to join our mailing list? Subscribe Read More How
Inside this month we explore 2021 Risks & Opportunities – the focus of Government incentives, Australia’s relationship with China, and more!
Download our latest issue of Your Knowledge to keep up with the latest business taxation news. Would you like to join our mailing list? Subscribe Has
Inside this month, the Government has resurrected the superannuation guarantee amnesty – we explore the details. Plus, the tax alert impacting non-residents beneficiaries of Australian discretionary trusts. And, towards zero interest rates – a special update from economist Emmanuel Calligeris.
This month we look at recent changes to data matching capabilities and how the ATO is incorporating this into their requirements.
If you have 19 or less employees, Single Touch Payroll (STP) will be required as the mandatory required way of reporting tax and super information to the ATO as of 1 July 2019.
A comprehensive summary of the Australian Federal Government’s budget for 2019.
Download our latest issue of Your Knowledge to keep up with the latest business taxation news. Would you like to join our mailing list? Email
Download our latest issue of Your Knowledge to keep up with the latest business taxation news. Would you like to join our mailing list? Email
Our monthly newsletter “Your Knowledge” may be downloaded free. Please subscribe to keep receiving this newsletter directly to your inbox.