2024 Fringe Benefits Tax: Part 3
The Fringe Benefits Tax (FBT) year ends on 31 March. Last week, we outlined WFH arrangements and contractors/employees. Part 1: hotspots + FBT exemption…
ATO Agent Nomination
The ATO has rolled out new procedures for linking tax agents as of 13 November 2023, which requires the taxpayer to initiate the linking…
2024 Fringe Benefits Tax: Part 2
The Fringe Benefits Tax (FBT) year ends on 31 March. Last week, we outlined the hotspots for employers and employees, as well as FBT…
2024 Fringe Benefits Tax: Part 1
The Fringe Benefits Tax (FBT) year ends on 31 March. In the upcoming weeks, we will be outlining the hot spots for employers and…
Stage 3 Tax Cuts
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…
Superannuation Contribution Cap Increase
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…
Significant Changes to NSW Land Tax & Landholder Duty Thresholds
Effective 1 Feb 2024, the following changes to NSW land tax and landholder duty thresholds now apply: Land Tax– The threshold for principal place…
How Exercise Can Improve Mental Health
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…
Bendel Case and Division 7A – Why This Matters To You
A recent decision in the Bendel Case (Bendel v Commissioner of Taxation [2023] AATA 3074) by the Administrative Appeals Tribunal (AAT) challenges the long-held…
Data Analytics and Accounting
Data is reshaping the landscape of accounting. Real-time Insights: real-time data, accountants can offer instant insights into a company’s financial health. This enables businesses…