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FBT 2025: What You Need to Know
The Fringe Benefits Tax (FBT) year wraps up on 31 March, and there are some key updates employers and employees need to be across. Here’s a breakdown of what’s changing and what to watch out for. FBT Exemption for Electric Cars If you’re providing an electric vehicle...
FBT 2025: What You Need to Know
The Fringe Benefits Tax (FBT) year wraps up on 31 March, and there are some key updates employers and employees need to be across. Here’s a breakdown of what’s changing and what to watch out for. FBT Exemption for Electric Cars If you’re providing an electric vehicle...
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How the July 1 regulatory changes impact small businesses
The start of each financial year usually brings with it a host of tax changes that SMEs need to be aware of, as well as a range of other regulatory changes that affect large sections of the Australian business community. Find out what other changes apply to small...
How to use Super contributions to boost your 2023 Tax refund
Did you know that you can make a concessional superannuation contribution and get $5000 or more as a tax refund this year? Super concessional contribution caps There is a limit on how much you can put into super each year from your pre-tax income. Such contributions...
How to minimise your business tax – 2023 Strategic tax planning
Here’s a guide to the strategies you can use to minimise your business tax. What you should consider before June 30 this year. IS YOUR BUSINESS A “SMALL BUSINESS” ENTITY? Small businesses can access a range of tax concessions from the ATO. To qualify as a “Small...
How to minimise your personal tax this EOFY
Now's the time to review what strategies you can use to minimise your tax before 30 June 2023. Imagine what you could do with tax saved? You could: Reduce your home loan Top up your super Save for a holiday Save for a deposit for an Investment Property Pay for your...
Paying off your HECS debt before indexation. Act before June 1
The looming financial new year heralds an unwelcome extra cost for thousands of people who currently have HECS-HELP debts. This is because every unpaid debt is going to automatically increase when it's indexed on June 1. In previous years, the HECS indexation rate was...
What is a Family Trust
Setting up a trust is often driven by a new business opportunity, a growing business, or a need to better structure your investments. When set up correctly, there are often clear tax benefits when it comes to operating as a family trust. The importance of the correct...
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