Category Archives: Uncategorized

Not-For-Profit organisations in Australia must adhere to tax laws to maintain their tax-exempt status. Starting from 2023-24 income year, Not-For-Profit organisations must lodge a…

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The 2024-25 Federal Budget, unveiled by Federal Treasurer Dr. Jim Chalmers on 14 May 2024, forecasts a surplus of $9.3 billion in 2023-24, to…

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The Fringe Benefits Tax (FBT) year ends on 31 March. Last week, we outlined WFH arrangements and contractors/employees. Part 1: hotspots + FBT exemption…

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The ATO has rolled out new procedures for linking tax agents as of 13 November 2023, which requires the taxpayer to initiate the linking…

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The Fringe Benefits Tax (FBT) year ends on 31 March. Last week, we outlined the hotspots for employers and employees, as well as FBT…

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The Fringe Benefits Tax (FBT) year ends on 31 March. In the upcoming weeks, we will be outlining the hot spots for employers and…

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The stage 3 tax cuts will be implemented throughout Australia beginning on 1 July 2024, here’s what you need to know and how it…

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For the 2024–25 financial year, the contribution cap for superannuation will be indexed based on the updated Average Weekly Ordinary Time Earnings (AWOTE), in…

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Effective 1 Feb 2024, the following changes to NSW land tax and landholder duty thresholds now apply: Land Tax– The threshold for principal place…

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Regular exercise provides a multitude of mental health benefits. Beyond enhancing physical health and appearance, it significantly contributes to overall well-being. Exercise proves to…

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