Logbook Requirements for Fringe Benefits Tax
Logbook Requirements for Fringe Benefits Tax If you provide a car to your employees for their private use, you may be subject to Fringe Benefits Tax (FBT). FBT is a tax paid on certain non-cash benefits provided to employees or their associates in respect of their...Downsizer Contributions: Maximise Your Superannuation
Downsizer Contributions: Maximise Your Superannuation You can make a downsizer contribution up to a maximum of $300,000 (each spouse), but the contribution amount can’t be greater than the total proceeds from the sale of your home. This allows eligible property...Motor Vehicle Expenses: How to Claim
Motor Vehicle Expenses: How to Claim Many business owners understand the importance of claiming motor vehicle expenses as a tax deduction when a vehicle is used for generating income. However, there’s often confusion, with some small business owners not fully aware of...Need some tax time help?
Need some tax time help? To help reduce the stress of the EOFY, here is our breakdown of everything you need to know to get your business finances ready for tax time this year! What the ATO is looking for in 2022 The Australian Taxation Office (ATO) will be looking at...
