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What is Fringe Benefits Tax (FBT)?
Fringe Benefits Tax (FBT) is a tax paid by employers on certain benefits provided to their employees, their families, or other associates.
The importance of keeping a record of your investment purchase history
Investing is a strategic journey that involves making thoughtful decisions to secure financial well-being.
Director ID enforcement
Company directors are now required by law to apply for a director identification number (director ID). If you plan to become a director, you must apply for a director ID before you are appointed. If you are already a director and don't have a director ID, you must take immediate action as it is a criminal offence for a director not to apply on time and with heavy penalties for individuals at stake.
QBCC adopts MFR regulation amendment easing burden on small licensees
New Minimum Financial Requirements (“MFR”) regulation, from February 2024, allows small licensees to submit Special Purpose Financial Statements (“SPFS”). This change will ease the burden imposed by previous regulations which required General Purpose Financial Statements (“GPFS”).
Mazars announces another year of record revenues as it builds global ambition
February 2024 – Mazars, the international audit, tax and advisory firm, has released its global financial results for 2022/2023.
ATO finalises its guidance on calculating electric vehicle home charging costs
The Australian Taxation Office has finalised the Practical Compliance Guideline 2024/2 to help individuals and employers calculate the electricity costs of charging electric vehicles at home.
Foreigners to pay more for Australian housing
The Australian Federal Government has recently introduced a Bill into Parliament, which in its current form, would significantly increases fees for an acquisition in Australian housing. The increase in fees is aimed at increasing the available housing stock.
