FBT and Taxi Travel

FBT and Taxi Travel

On 27 September 2017 the Australian Taxation Office (ATO) issued discussion paper  TPD 2017/2  for public consultation on the interpretation of ‘taxi’ for Fringe Benefits Tax (FBT) and the taxi travel exemption. After consultation, and considering administrative...
2019 Federal Budget Update

2019 Federal Budget Update

Small Business Instant asset write off threshold increased from $25,000 to $30,000 per eligible asset. Eligibility also expanded to include medium-sized business with a turnover of up to $50 million per annum. This is effective from Budget night (2 April 2019) until...
IS YOUR BUSINESS PROTECTED FROM CYBER THREATS?

IS YOUR BUSINESS PROTECTED FROM CYBER THREATS?

Businesses need to be more aware than ever when it comes to cyber security. Scammers have increasingly complex ways to defraud businesses and email compromised scams are examples of this.  There are a number of ways in which you can protect your business against these...
Do You Need To Lodge A Tax Payments Annual Report?

Do You Need To Lodge A Tax Payments Annual Report?

Ensuring that you have managed your finances correctly and that you are paying the right amount of tax is important for any business.  However, what might also be concerning and often lesser known is that you may also need to lodge a Taxable Payments Annual Report. ...
Have You Updated Your BDBN Since 1 July 2017?

Have You Updated Your BDBN Since 1 July 2017?

What is a BDBN? A Binding Death Benefit Nomination (BDBN) is a legally binding nomination that allows a member of an SMSF, to advise the Trustee as to whom they want to receive their superannuation entitlements in the event of their death. The nomination must be valid...