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In Australia, special capital gains tax (CGT) rules apply to the transfer of assets from a deceased estate. The most common types of capital gains assets are property, shares and managed funds. [...]

When the Australian Taxation Office (ATO) comes knocking, it rarely gives notice. With increasing data-matching capabilities and stricter compliance reviews, individuals and businesses alike are [...]

Fringe Benefits Tax (FBT) is a tax that employers pay on certain non-cash benefits provided to employees (or their associates, such as family members) instead of salary or wages. It is separate [...]

The ATO continues to focus heavily on Section 100A (reimbursement agreement) issues. Recent reviews show the ATO now expects a far higher standard of evidence that beneficiaries have received or [...]

Fringe Benefits Tax (FBT) is a tax that employers pay on certain non-cash benefits provided to employees (or their associates, such as family members) instead of salary or wages. It is separate [...]

If you are considering Christmas presents for your staff or clients this year, the below table summarises the FBT, income tax and GST consequences: Type of Gift Gifts to employees and [...]

As we approach the close of 2024, it’s time to reflect on the year that was and get ready for the opportunities and challenges of 2025. Whether you’re wrapping up projects, reviewing financials, [...]

Losing a loved one is an incredibly difficult experience, and managing their final affairs can feel overwhelming. At Kennedy Cross, we understand the emotional and logistical challenges you’re [...]

We have received an important update from the Australian Business Registry Services (ABRS) regarding director identification numbers (director ID), and we want to ensure that you are [...]

The Privacy Act is changing, and this means small businesses making less than $3 million a year, which didn't have to follow certain privacy rules before, now have to.