• 14 Apr, 2023

NSW First Home Buyers: Choice of tax

First home buyers in NSW could soon have the choice between paying an annual property tax instead of stamp duty if a Bill currently before NSW Parliament passes. As the name…

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  • 15 Mar, 2023

FBT 2023

The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees. FBT updates and problem areas FBT exemption for electric cars Work…

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  • 13 Dec, 2022

Compliance with Super Laws – ATO’s Approach

The following courses of action are available to the ATO to deal with SMSF trustees who have not complied with super laws: Education direction – the ATO may give an SMSF…

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  • 18 Nov, 2022

Varying PAYG Instalments

You can vary your instalments so the amount you prepay is closer to your expected tax for the year. If you pay PAYG instalments using the instalment amount (option 1 on…

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  • 27 Oct, 2022

Pension Changes to Encourage Workforce Participation

As a result of the government’s recent Jobs Summit and responding to pressure from employer and agricultural lobby groups, proposed changes have been introduced into Parliament that will enable pensioners to…

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  • 7 Oct, 2022

Affordable Childcare Measures Coming Soon

To fulfil its election promise, the government has recently introduced a Bill to make early childhood education and childcare more affordable through changes to the level of the Child Care…

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  • 16 Sep, 2022

Overview of Record-Keeping

You are legally required to keep records of all transactions relating to your tax and superannuation affairs as you start, run, sell, change or close your business, specifically: any documents…

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  • 4 Sep, 2022

Electric cars to be exempt from FBT

During the 2022 election campaign, Labor announced its Electric Car Discount policy in order to make electric cars cheaper and increase uptake. As a part of the policy, Labor proposed to…

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  • 26 Aug, 2022

Bonus Deduction for Employee Training Proposal

As a part of its strategy to address the current skills shortage as well as to future-proof Australia’s workforce by building better trained and more productive workers, the government has proposed…

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  • 18 Aug, 2022

TPAR – due soon

Businesses that have made payments to contractors for certain services in the 2021-22 income year are required to lodge a Taxable Payments Annual Report (TPAR) by 28 August 2022. This includes…

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