With the end of financial year fast approaching, the ATO has again released the areas it will be focusing on in tax time 2023. As with previous years, it will […]
In an attempt to repair the Federal Budget and lower the overall national debt, the government announced changes to the way super in accumulation phase are taxed over the threshold […]
Single Touch Payroll (STP) was introduced as a way for employers to send super and tax information directly to the ATO through the use of STP-enabled software solutions. STP Phase […]
Families struggling with the current cost of living crisis could soon have some relief with cheaper childcare coming mid-year after the government passed child care subsidy reforms. This was a […]
For the 2022-23 FBT year (1 April 2022 to 31 March 2023), your business may be able to receive an FBT exemption for certain eligible electric cars and associated car […]
Late last year, the Treasury Laws Amendment (2022 Measures No 2) Bill 2022 passed Parliament and received Assent. Among other things, it contained a measure to allow the ATO to […]
From the 2022-23 income year, taxpayers can no longer rely on the 80c per hour shortcut method with the introduction of the revised fixed-rate method for calculating the work-related additional […]
The ATO has commenced revoking the deductible gift recipient (DGR) status of some non-government organisations. This has occurred due to a recent review which found that these organisations do not […]
Money never sleeps, as the old quote goes, but it could apply equally well to scammers. As most people have let their guard down and are still recovering from their […]
The FBT ruling on car fringe benefits has finally been updated to include changes to address the concept of primary place of employment as a result of the Full Federal […]
