Tax Information

FBT is separate to income tax. It’s calculated on the taxable value of the fringe benefit

Trusts have always been popular in Australia

The ATO is getting back to business with it’s lenient approach during the pandemic over, it’s focus now is returning to traditional debt collection

The main reason for implementing a recontribution strategy is to reduce the taxable component of your super and increase the tax-free component

Extra care is needed when lodging returns with rentals

Lodgement amnesty and new landlord data matching program

The ATO is focussed on fixing a number of issues when it comes to SMSFs

Budget incentives and crackdowns on unpaid tax debts and rental deductions

Tax measures were less central to this year’s Federal Budget than they have been in recent years

Treasurer Jim Chalmers has delivered the first Budget surplus in 15 years along with help for those struggling with the cost of living