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CAPITAL GAINS TAX
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. [...]
ATO Audits Are on the Rise – Here’s Why Audit Cover Matters More Than Ever
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 [...]
WHAT TO KNOW ABOUT FRINGE BENEFIT TAX 2026
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 [...]
ATO Tightens Scrutiny on Trust Distributions: What Families Need to Know for 2025–26
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 [...]
WHAT TO KNOW ABOUT FRINGE BENEFIT TAX
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 [...]
TAX OBLIGATIONS THIS CHRISTMAS TIME
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 [...]
STP Phase 2, Time to Transition!
If you haven't already, this is your reminder that it's time to transition to STP Phase 2. Mandatory Phase 2 reporting is set to commence on 31 March '23.
Understanding your
breakeven point
Knowing your business breakeven point allows you to make better plans and financial decisions for long-term sustainability.
Does you business have a CSR strategy?
Does your business have a corporate social responsibility (CSR) strategy?