Insights.

The FBT and Tax Implications of Christmas Functions and Gifts

With Christmas just around the corner, many business owners are busy planning gifts and functions as a way to thank employees for their hard work during such a challenging year.  We are often asked how Fringe Benefits Tax (FBT) and Income Tax deductions apply to benefits such as Christmas Parties, gifts and bonuses.

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Reminder – Taxable Payments Annual Report (TPAR) Due Soon

The Taxable Payments Annual Report for the 2019/20 financial year is due on 28th August 2020.

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COVID-19 and Residential Rental Properties

Many residential rental property owners have had their rental income affected by COVID-19. As a result, you may be wondering what you can claim this tax time.

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Federal Government has announced a $130b JobKeeper payment

The Federal Government has announced a $130b JobKeeper payment to help keep more Australians in jobs and support businesses.

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Is your business COVID19 ready?

What possible risks could COVID 19 have on your business and how do you prepare for them?

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Government’s $66 billion 2nd round of stimulus measures to keep businesses afloat

For any discretionary trust that holds residential land in NSW, 31 December 2019 is a critical date for reviewing and potentially amending your Trust Deed.

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ATO Administration Relief

For any discretionary trust that holds residential land in NSW, 31 December 2019 is a critical date for reviewing and potentially amending your Trust Deed.

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COVID 19 Stimulus Package

For any discretionary trust that holds residential land in NSW, 31 December 2019 is a critical date for reviewing and potentially amending your Trust Deed.

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Critical December Deadline for Discretionary Trusts

For any discretionary trust that holds residential land in NSW, 31 December 2019 is a critical date for reviewing and potentially amending your Trust Deed.

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Superannuation Guarantee Opt Out for High Income Earners

New legislation has recently been passed which means that from 1 January 2020, employees on high incomes who receive wages from multiple employers will now be able to opt out from Superannuation Guarantee from at least one of their Employers.

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