FBT rates and thresholds for the 2021/22 FBT year
Updated FBT rates and thresholds for the 2021/22 FBT year have been released The ATO has updated its webpage containing the fringe benefits tax (‘FBT’) rates and thresholds for the Read More…
Company tax changes
Changes to company tax rates There are changes to the company tax rates. The full company tax rate is 30% and the lower company tax rate is 27.5%. The ATO Read More…
Family trust elections
Review your family trust elections to get your tax right A family trust for tax purposes is one whose trustee has made a valid family trust election (FTE). The FTE Read More…
SMSF related party rental income deferrals
SMSF related party rental income deferrals due to COVID‑19 The ATO has made a determination to ensure that trustees of SMSFs do not inadvertently breach the ‘in-house asset rules’. This Read More…
Home office expenses rate extension
Shortcut rate for claiming home office expenses extended The ATO has again extended the ability to utilise the ‘shortcut rate’ for claiming home office running expenses to 30 June 2021. Read More…