How Does Tax Apply to Electric Cars?
Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO) has released new details on electric vehicles. The FBT exemption…
Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO) has released new details on electric vehicles. The FBT exemption…
Key Performance Indicators (KPI‘s) are important management tools and we encourage business leaders to use KPI’s in their businesses.What is a KPI?A KPI is quantifiable measurement or metric which helps track…
We’re seeing more businesses engage REMOTE employees and subcontractors as they try to attract the best talent, regardless of location. Remote employment presents challenges, including ONBOARDING, which means helping employees…
Taxpayers claiming deductions on holiday homes are in the ATO’s sights. The ATO is more than a little concerned that people with holiday homes are claiming more deductions than they…
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home.The ATO has ‘refreshed’ the way you can claim deductions for the costs…
The general transfer balance cap (TBC) – the amount of money you can potentially hold in a tax-free retirement account, will increase by $200,000 on 1 July 2023 to $1.9…
A consultation paper released by Treasury has sparked a national debate about the role, purpose and access to superannuation ahead of the 2023-24 Federal Budget. What is the purpose of…
As Accountants, we hope our Clients never face a business crisis… but we also know that business is unpredictable and factors beyond our control can leave a business in dire…
The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions - changing the goal posts for trusts distributing to adult children,…
From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation. Downsizer contributions are an excellent way to get money into superannuation quickly. And now that…