by admin | Jun 3, 2021 | Uncategorized
The FBT year is upon us…. Fringe Benefits Tax (FBT) relates to benefits provided to staff outside of their wages such as cars, housing, parking or meal entertainment. The FBT year runs from 01 April to 31 March, and the tax is paid for by the employer...
by admin | May 13, 2021 | Uncategorized
Business Updates Instant Asset Write Offs has been extended to 30 June 2023. Claw Back of Tax Losses – the loss carry-back measure will be extended to allow eligible companies to also carry back tax losses from the 2023 income year to offset previously taxed...
by admin | Sep 25, 2020 | Uncategorized
Per our previous newsletters, the Government has extended the Jobkeeper scheme. This has now been legislated and Treasury have released the legislative instrument providing more details about how the assessment criteria apply. The extension has two periods Extension 1...
by admin | Aug 18, 2020 | Uncategorized
JOBKEEPER EMPLOYEE ELIGIBILTY UPDATE – 1 JULY 2020 EMPLOYEES NOW ELIGILIBLE Last Friday, the Treasurer registered a legislative instrument bringing into effect the change that would see staff employed by 1 July 2020 now eligible for JobKeeper, an extension from the...
by admin | Aug 18, 2020 | Uncategorized
HIGH COURT OVERTURNS MONDELEZ DECISION On 13 August 2020, the High Court overturned the Full Federal Court decision, clarifying how paid personal/carer’s leave is accrued and taken. Personal/carer’s leave entitlements will be accrued per the Fair Work Act...
by admin | Aug 7, 2020 | Uncategorized
On 6 March 2020, the government introduced a super guarantee (SG) amnesty (the amnesty). The amnesty allows employers to disclose and pay previously unpaid super guarantee charge (SGC), including nominal interest, they owe their employees, for quarters starting from...
