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The Fringe Benefits Tax (FBT) year ends on 31 March 2023. If you operate a business, we’ll be in contact with you shortly to work out whether or not your business needs to be registered for FBT (if you are not already) and start collecting the information to work out your FBT liability (if any). ...

Future earnings for super balances above $3m taxed at 30% from 2025-26The Government has announced that from 2025‑26, the 15% concessional tax rate applied to future earnings for superannuation balances above $3 million will increase to 30%. The concessional tax rate on earnings from superan...

What’s the Deal with Working from Home?The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home.The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you work from home. From 1 July 2022 onwards, you can choose e...

Taxpayers claiming deductions on holiday homes are in the ATO’s sights.The ATO is more than a little concerned that people with holiday homes are claiming more deductions than they should and have published the starting questions they will be asking to scrutinise claims:How many days was it rente...