2023 FBT: What you need to know

2023 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: Working From Home Motor vehicle problem areas ATO ‘red flags’: Where deductions claimed don’t match what...
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...
South East Queensland Disaster Relief

South East Queensland Disaster Relief

South East Queensland Flood Relief Have you, your family, or your business been affected by the recent floods? Here are some relief packages available if you have been impacted: Small Business Support Financial Assistance packages have been released for eligible...
New South Wales Disaster Relief

New South Wales Disaster Relief

Disaster Relief – NSW Residents Business Support NSW Government have released a range of support packages to assist individuals and business who have been negatively impacted by the recent natural disaster.  They include concessional loans and other assistance for:...
Am I taxed on an insurance payout?

Am I taxed on an insurance payout?

Australia has had its fair share of disasters over the last few years – drought, bushfires and floods – that have ramped up the volume of insurance claims. Most people would assume that if and when they need to claim on their insurance, the insurance payout covers the...