‘Tis the season, but before you get carried away with the presents and Christmas parties, there may be some tax implications when it comes to the season’s frivolity. Are you aware that Fringe Tax Benefits (FBT) may actually apply to the fun you’ll have at your...
Throughout the COVID-19 pandemic, we have collectively adapted to a different way of life. Some of the biggest changes we have had to get across have been in the workplace – how we work, where we work, and when it comes to tax time, what we can and can’t claim. In all...
https://player.vimeo.com/video/729850351?h=2e4d2f0b63&dnt=1&app_id=122963 At a loss for what documents, statements or receipts you need to provide for your tax return? In this Nexis Business Chat, Jacklyn goes through what documents are needed to prepare...
https://player.vimeo.com/video/727999769?h=1346be5df8&dnt=1&app_id=122963 Get ready for the end of the financial year and prepare your payroll for STP finalisation with this Nexis Business Chat. Michael and Fiona cover what you need to check, things to be...
From 1 July 2021, superannuation guarantee changes were to increase incrementally each year to reach 12% by the 1 July 2027 – 30 June 2028 financial year. This means that on 1 July 2022, the SG changes will apply to your business for the 2022-23 financial year,...
Stay up to date with our upcoming webinars. Year-End Payroll Finalisation 30 June, 10am - 11am Get ready for the end of the financial year and prepare your payroll for STP finalisation with this Nexis Business Chat. Michael and Fiona will cover what you need to check,...
Meet Shinda, who has just celebrated his one-year anniversary with the Nexis team. Shinda brings over 15 years’ worth of experience and knowledge about the industry to the team and is now managing a fabulous team of four. His best accounting and business advice is to...
The 2022 Fringe Benefits Tax (FBT) year has just ended. For all business vehicles of which there was private use you should record: Closing odometer reading on 31 March 2022 Car make, model, and registration details FBT Questionnaire We have developed a questionnaire...
The Australian Taxation Office (ATO) has released a package of draft advice and guidance that sets out tax treatment of: Trust entitlements arising out of reimbursement agreements Unpaid present entitlements of trust beneficiaries What does this mean? This important...
Not-for-profit (NFP) organisations can use the Fringe Benefits Tax (FBT) concessions to provide tax advantaged salaries to their employees. The FBT Concessions are essential in allowing NFPs to be able to provide services sustainably. FBT Concessions Some FBT...
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