As we head into the new financial year, it’s essential for businesses that employ staff to stay on top of key tax and reporting deadlines. Here’s your quick guide to managing Fringe Benefits Tax, PAYG withholding, Single Touch Payroll and Super Guarantee obligations...
Fringe Benefits Tax
Adding an Electric Car to your fleet.
Treasury Laws Amendment (Electric Car Discount) Bill 2022 provides for an FBT exemption for cars that are classified as zero or low emission vehicles and are provided by employer to an employee as a car fringe benefit. Some key points include: - Exemption is limited...
ATO summary of hiring your first worker
To ensure you meet your tax and superannuation obligations as an employer, check out this ATO summary of hiring your first worker.
The top Christmas tax questions
Every year, we are asked about the tax impact of various Christmas or holiday related gestures. Here are the top Christmas tax questions, answered!
FBT 2021 Tax and Employee Benefits
Fringe benefits tax (FBT) is one of Australia’s most disliked taxes because it’s cumbersome and generates a lot of paperwork. The COVID-19 lockdowns have added another layer of complexity as many work patterns and behaviours changed. For FBT 2021 Tax and Employee Benefits, keep reading!