Need to Know

Simplified approach for car fringe benefits

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The ATO has announced a "safe harbour" guideline which allows the clients of tax professionals to make use of a simpler and efficien way to calculate fringe benefits tax where certain conditions are met.

Further details regarding the ATO's safe harbour guideline for car fringe benefits can be reviewed by clicking here.

Source: ATO

Need to Know

The ATO has announced a "safe harbour" guideline which allows the clients of tax professionals to make use of a simpler and efficient way to calculate fringe benefits ... Read More...

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Need to Know

The ATO has announced a "safe harbour" guideline which allows the clients of tax professionals to make use of a simpler and efficient way to calculate fringe benefits ... Read More...

Effective from 1 January 2017, there are important changes to the Assets Test for the Aged Pension. People aged over 65 ... Read More...

Over the coming months the ATO will have systems outages for planned maintenance and their annual closure over the Christmas New Year period. Read More...

ATO to extend the deadlinefor LRBA safe harbour guidelines. Read More...

Practical implications arising from the 2016 Australian Federal Budget.Read More...

Property developers and trusts to be a major focus for the ATO.Read More...

From 1 April 2016, there are changes to the fringe benefits tax treatment of salary packaged meal entertainment and entertainment facility leasing expense benefits. Read More...

The long-standing strategy of making significant withdrawals from a superannuation account paying a pension and then re-contributing this as an after-tax amount is on borrowed time... Read More...

TaxBanter, a leading professional tax training services provider, has published a valuable tax data reference tool.Read More...

Plans to replace Australian Company Numbers (ACNs) and Business Tax File Numbers (BTFNs) with just the Australian Business Number (ABN) on 1 July 2016 have been delayed. Read More...

The Registrar of the Australian Business Register (ABR) will begin cancelling the ABNs of approximately 220,000 trusts, where there is evidence they are no longer carrying on an enterprise. Read More...

The International Accounting Standards Board (IASB) has issued a new standard regarding leases – IFRS 16 Leases. Read More...

The 2015-16 Budget announced measures to make it easier to register a new business as part of the Growing Jobs and Small Business package. As part of the package, the Government is planning to reduce the number of business identifiers. Read More...

The SMSF Association has just released the “Intimate with Self-Managed Superannuation” Report giving important insights into Australian SMSF. This report highlights opportunities for future growth. Read More...

ASIC has released two new information sheets to improve the quality of advice provided to SMSFs. These sheets provide ‘compliance tips’ to outline the minimum standards of advice. Read More...

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When setting up a Self Managed Super Fund (SMSF), it is important to consider the advantages and disadvantages of using a corporate trustee instead of an individual.
Read More...

The fees for establishing a trust deed vary throughout Australia. The type of property held by the trust and the purpose of the trust can also have a bearing on the stamp duty payable. Read More...

There are a few key considerations when implementing an SMSF investment strategy. Read More...

We’ve selected and brought together some of the most experienced experts in the country to guide our decisions and keep our business at the forefront of this industry. Read More...

Plain language is important both in Acts of Parliament and in private legal documents. People to whom they apply should not be put off from reading them by complex language. Read More...

A Self managed superannuation fund (“SMSF”) is regulated by the Superannuation Industry (Supervision) Act 1993 (Cth) (“SIS Act”). Read More...

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