Division 7A benchmark interest rate updated for 2023FY

Division 7A benchmark interest rate updated for 2023FY

July 21, 2022

The ATO have published its 2023 benchmark interest rate at 4.77% and have updated their Division 7A rate calculator and decision tool for 2022–23. The tool can help you determine the ef...Read More Read More

Thresholds for charities increase from 1 July 2022

July 7, 2022

The thresholds for small charity and medium charity thresholds increase from 1 July 2022. The annual revenue threshold for small charities will increase from $250,000 to $500,000 annual r...Read More Read More

Reasonable travel and overtime meal allowance amounts for 2022–2023  

July 7, 2022

The ATO released Taxation Determination TD 2022/10, applying from 1 July 2022, setting out the amounts it will treat as reasonable for 2022–2023 in relation to employee claims for: ov...Read More Read More