The ATO published the cents per kilometre rates for calculating the taxable value of a fringe benefit arising in the 2023-24 FBT year from the private use of a motor vehicle (other than a...Read MoreRead More
NSW Revenue has issued a release stating the NSW surcharge provisions are inconsistent with international tax treaties entered into by the Federal Government with New Zealand, Finland, Ge...Read MoreRead More
The ATO released a fact sheet outlining the tax treatment of NSW Government payments made to eligible taxi licence holders under its Point to Point Financial Assistance Scheme. The ATO co...Read MoreRead More
Taxpayers who operate some or all of their business from home may be able to claim the business-use portion of expenses they incur. These include:
occupancy expenses (such as m...Read MoreRead More
As accountants, we can play a crucial role in helping clients conduct due diligence when purchasing a business. We can assist by thoroughly reviewing financial records, including income and...Read MoreRead More
The ATO has released a fact sheet for employers on FBT obligations when providing an employee with an electric vehicle and associated items for their private use. The fact sheet highlight...Read MoreRead More
There are several ways to potentially reduce land tax, which is a tax levied by state governments in Australia on the value of land owned.
Take advantage of exemptions and concessions: E...Read MoreRead More
The Tax Practitioner Board (TPB) has released an updated practice note on proof of identity (POI) requirements for client verification, TPB(PN) 5/2022. Key updates to TPB(PN) 5/2022 inclu...Read MoreRead More
