ASIC Fees Increase for 2025 Financial Year

ASIC Fees Increase for 2025 Financial Year

June 21, 2024

The increased ASIC fees will apply from 1 July 2024 to 30 June 2025. Company Registration – Registering a company name will increase to $597 Company Name Reservation ...Read More Read More

Division 7A – minimum yearly repayments

May 27, 2024

The ATO has issued guidance on avoiding unexpected tax consequences regarding Div 7A loan repayments. When making minimum yearly repayments (MYR), borrowers need to: start repayments ...Read More Read More

Understanding Key Superannuation Thresholds for the 2024/25 Financial Year

April 12, 2024

Welcome to the latest update on superannuation threholds for the new financial year! As you plan your retirement savings strategy, it's essential to stay informed about the latest changes t...Read More Read More

FBT cents per kilometre rates & LAFHA for 2024-25

April 4, 2024

The cents per kilometre rates (with effect from 1 April 2024) for calculating the taxable value of a fringe benefit arising in the 2024-25 FBT year from the private use of a motor vehicle (...Read More Read More

FBT: Adequate alternative records – instruments registered

March 29, 2024

The ATO has registered legislative instruments specifying acceptable record-keeping obligations which can be used by employers as an alternative to employee declarations: Fringe Benefit...Read More Read More

2024-25 private health insurance income threshold and rebate

March 29, 2024

The government has released the latest income thresholds and rates for the private health insurance rebate: 2024-25(2023-24)Base Tier $Tier 1 $Tier 2 $Tier 3 $Single0-97,0...Read More Read More

Medicare Levy Low-income Threshold for 2023/24 Financial Year

February 15, 2024

The Exposure Draft - Treasury Laws Amendment (Cost of Living - Medicare Levy) Bill 2024 will increase the Medicare levy low-income threshold for singles to $26,000 for 2023-24. For couple...Read More Read More

Tax Rates for 2024/25 Financial Year

February 15, 2024

The government has released draft legislation for the Stage 3 tax cuts. The Exposure Draft - Treasury Laws Amendment (Cost of Living Tax Cuts) Bill 2024 will: Reduce the 19% tax ...Read More Read More

Fringe Benefits Tax Information for 2024 Financial Year

January 22, 2024

FBT Quarterly Payment Dates(Based on Notional or Estimated Tax Liability)- Same as BAS Dates Single Payment Due Date (if FBT liability is below $3,000)- 21 May 2024 FBT Rate for Year ...Read More Read More