Fringe Benefits Tax Liability Information Webinar
Fringe Benefits Tax Liability Information Webinar 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...
The Rules for Trust Distributions are Changing
The Rules for Trust Distributions are Changing 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...
Fringe Benefits Tax Insights for Non-For-Profit Organisations
Fringe Benefits Tax Insights for Non-For-Profit Organisations 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...
There may be tax implications to the silly season’s festivities
There may be tax implications to the silly season’s festivities ‘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...
The ATO’s Single Touch Payroll (STP) reporting requirements: What it means for your business
ATO’s Single Touch Payroll (STP) Reporting requirements: What this means for your business The next stage of the ATO’s Single Touch Payroll (STP) Reporting requirements come in affect from July 1st 2021. All closely held employers must start reporting the amounts paid...
