What every employer needs to know about fringe benefits. On 31 March 2017, the Fringe Benefits Tax (FBT) year ends. The ATO will be reviewing whether all employers who should be paying FBT are, and that they are paying the right amount. To help Continue Reading 

We are already in March. 30 June will be here before we know it. Too often, we end up suffering because we have procrastinated and not made a decision to do something about it. If we all leave tax planning until the end of May and early June, Continue Reading 

After lodging an activity statement you may find that you have missed something or neglected to include a particular item. While the ATO will generally take your word for self assessed activity statements they will review information via means Continue Reading 

  Are you clear on what non‑concessional contributions you can contribute in a year? With the Government abandoning its policy to introduce a $500,000 lifetime cap for non-concessional contributions are you clear on what non-concessional Continue Reading 

Non-concessional contribution cap The original proposal was to replace the existing non-concessional contribution cap with a lifetime limit of $500,000, including all non concessional contributions made since 1 July 2007. This measure is Continue Reading 

Salary packaging is a way in which an organization can increase the take home pay of its employees. If done correctly there is no additional cost to the business and the employee will gain a tax advantage. What is Salary Packaging? Salary Continue Reading 

Obtaining and keeping exceptional staff comes hand-in-hand with fringe benefits especially as talent can be hard to come by. When deciding on those perks for new and existing employees Fringe Benefits Tax (FBT) should be considered. While many Continue Reading 

With tax time just around the corner it is important to not only consider what you need to provide to your accountant but what you need to keep and for how long. The ATO has strict guidelines on how long supporting documentation needs to be kept Continue Reading 

With an ever-growing, aging population estate planning is becoming a hot topic of conversation around Australia. It’s not easy approaching your own mortality and looking to your family’s future without you however it is one of the most important Continue Reading