Get Ready Early - Fringe Benefits Tax (FBT) 2019

The 2015 / 2016 budget was pleasing in that it did not have many surprises that had not been previously released prior to last night’s budget announcement by the Government. The Highlights The deficit predicted to be $35bn with a return to surplus now ...

Tomorrow marks the end of the Fringe Benefits Tax (FBT) year! This means you need to make sure your business doesn’t pay any more tax than is necessary. Read our list of Frequently Asked Questions on FBT: How can I minimise my FBT? Even with high private ...

It’s now more important than ever to walk the straight and narrow when it comes to your Self-Managed Superannuation Fund (SMSF).  There’s a new penalty regime for trustees of SMSFs, where previously, there were no financial penalties on breaches to the ...

Diversified investors were once again rewarded for their efforts in 2014, with positive (if somewhat patchy) returns delivered across most asset classes. Australian shares underperformed their global counterparts once again, whilst many Australians ...

Since the GFC, we have witnessed some interesting dynamics in the loan market. Smaller finance companies struggled to get finance for customers, with many exiting the market. The big banks seized this opportunity to capture extra market share after ...

The government has axed several tax concessions for small businesses when it abolished the mining tax in September 2014. Affected businesses will need to amend tax returns in which the concessions were claimed and pay back taxes.   They may also need to ...

Prime Minister Tony Abbott released this week the government’s National Industry Investment and Competitiveness Agenda. Amongst other things, it included proposed changes to the legislation on the way taxation is calculated on employee share options. Why ...

We have all forgotten things, Project DO IT is a safe approach for declaring any foreign income or assets you may have missed and is a generous initiative by the ATO. What is Project DO IT?  Project DO IT is an initiative that allows taxpayers to ...

Over the past 4 years, the ATO has been running a review project on professional practices such as accounting, legal, architectural engineering, medical etc - any business that provides professional services where senior staff have access to or control ...