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Taxation

Bah humbug: The Christmas tax dilemma

Bah humbug: The Christmas tax dilemma

Don’t want to pay tax on Christmas? Here are our top tips to avoid giving the Australian Tax Office a bonus this festive season.   1. Keep team gifts spontaneous   $300 is the minor benefit threshold for FBT so anything at or above this level will mean that...

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SME tax amnesty deadline looms

SME tax amnesty deadline looms

Some 9500 small businesses have taken advantage of the ATO amnesty period. Some still have their heads in the sand. The Australian Taxation Office (ATO) has confirmed that small businesses with outstanding tax debts originally due between 1 December 2019 and 28...

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