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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 [...]

Australian Prime Minister Anthony Albanese has unveiled comprehensive changes to stage three tax cuts, aiming to provide "broader and better" outcomes for all taxpayers.

With the ATO shifting its focus on taxpayers with outstanding tax lodgments and debts, find out how to avoid being penalised at the increased penalty rates in 2023–24.

Are you ready for TPAR? Update your supplier information now in preparation for your taxable payments annual report lodgement by 28th August.

Maximise small business tax deductions and minimise your tax liability. Discover common deductions, optimise your returns. Contact us today!

Discover the latest ATO changes to work-from-home deductions and maximise your refund with our expert tips. Click now!

On the 25th October 2022, the Federal Treasure handed down the Labor Government's first Federal Budget.