- Blog ·
Employers exempt from FBT for retraining employees
Employers who deliver training to employees who are to be made redundant will now be exempt from fringe benefits tax after…
Tax Archive
- Blog ·
Am I taxed on an insurance payout?
Australia has had its fair share of disasters over the last few years – drought, bushfires and floods – that…
- Blog ·
Work from home expenses under scrutiny & the perils of browsing Facebook
If you worked from home during lockdown and spent money on work related items that were not reimbursed by your…
ATO sheds light on crypto compliance focus
The Australian Tax Office has issued guidance on accurately accounting cryptocurrency transactions during tax time. It noted that it will…
- Tax ·
From the Trenches Podcast: Pat Mannix chats about Trusts, SMSF’s & the comparison of service between Cotchy Vs Xero
Like most accountants, Pat Mannix is passionate about what matters to his business, and his clients. In this 'From the…
SGC going to 10% on 1 July 2021
When the compulsory SG contribution payments are increased to 10%, you will need to alter your payroll systems to pay…
- Tax ·
2021-22 Federal Budget – The Balancing Act Budget
There's something for everyone in the 2021-22 federal budget! Big Cash Flow for Business Investments in Assets, Reduced Company Tax…
- Tax ·
The Tax Handling of Cryptocurrencies in Australia
Cryptocurrency has been the term on everyone’s mind lately, the ATO is figuring out how to be sure that investors…
Penalties will recommence: ATO restarting debt recovery action
Taxpayers defaulting on tax debts and lodgement requirements can soon expect contact from the ATO as it confirms the recommencement…
ATO chases $172bn in undeclared contractor income
The ATO has urged businesses to come clean on $172 billion worth of payments to contractors as it gets tough…
- Tax ·
ATO’s good-faith approach to crypto won’t last much longer
The ATO has upheld its good-faith approach to the accounting of cryptocurrencies, however it isn’t likely to last much longer.
FBT 2021: Tax & Employee Benefits
Fringe benefits tax (FBT) is one of Australia’s most disliked taxes because it’s cumbersome and generates a lot of paperwork.…
