2022-2023 Budget Measures that are now law
Low and Middle Income Tax Offset A measure that will no doubt be beneficial for individual taxpayers is the increase in the Low and Middle Income Tax Offset (‘LMITO’) for Read More…
COVID-19 vaccination incentives and rewards
FBT consequences of providing non-cash benefits The ATO has reminded employers to consider their tax and super obligations when employees are provided with incentives or rewards for getting their COVID-19 Read More…
Business tax update October 2021
Extending administrative relief for companies to use technology The Government has passed legislation renewing the temporary relief that allows companies to use technology to meet regulatory requirements under the Corporations Read More…
Fringe Benefits Tax exemption
New FBT retraining and reskilling exemption available Recent legislative amendments mean that employers who provide training or education to redundant (or soon to be redundant employees) may now be exempt Read More…
2020/21 Year-end Checklist for Business
Traditionally, year-end tax planning for small businesses is based around accelerating deductions and deferring income However, this year, consideration will also need to be given to the impact of the Read More…