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...
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. ...
2018/19 Federal Budget Announcements

2018/19 Federal Budget Announcements

The 2018/19 Federal Budget announcements were wide-ranging and much of the detail has not yet been released. The announcements included: > $20K accelerated depreciation extended until 30 June 2019 for Small Businesses > Introduction of a three-year cycle for...
Superannuation Guarantee

Superannuation Guarantee

UPDATE – The ATO recently announced an amnesty for employers who voluntarily disclose previously undeclared superannuation guarantee (SG) shortfalls.  For further information on the amnesty, please visit the ATO website. ATO Fact Sheet for Employers The...