2022 – FBT: What you need to know

2022 – FBT: What you need to know

Is your business at risk of a nasty Fringe Benefits Tax surprise? We’ve outlined the ATO’s ‘red flags’ for employers and employees. FBT updates and problem areas: COVID-19 assistance and benefits Motor vehicle problem areas ATO ‘red flags’: Where deductions claimed...
Immediate Deductions Extended

Immediate Deductions Extended

Temporary full expensing enables your business to fully expense the cost of: new depreciable assets improvements to existing eligible assets, and second hand assets in the first year of use. Introduced in the 2020-21 Budget and now extended until 30 June 2023, this...
Federal Budget 2022-23

Federal Budget 2022-23

The Federal Budget has been brought forward to 29 March 2022. With the pandemic and the war in Ukraine we have seen a lot less commentary this year about what to expect in the Budget. But – as an election budget – we typically expect to see a series of...