The end of the FBT year is approaching once again. Employers who have provided their employees with fringe benefits any time during the 2022 FBT year – 1 April 2021 […]
Low-income employees should rejoice that the minimum threshold at which an employer has to pay super under the super guarantee scheme will no longer apply from 1 July 2022. Under […]
The ATO could soon have the power to issue a direction to complete an approved-record keeping course in instances where it believes an entity has failed to comply with tax-related […]
The recent month has seen parts of Queensland and NSW inundated with Biblical amounts of rain and associated flooding, causing untold damage and loss of life. While these floods have […]
On Tuesday, 29 March 2022, Treasurer Josh Frydenberg handed down the 2022-23 Federal Budget, his 4th Budget. In an election Budget, the Treasurer announced a range of measures aimed at […]
With all the media coverage of the Budget 2022, you will no doubt have heard about the “cash splash” spending spree that the government has gone on to win votes […]
The temporary full expensing of depreciating assets has been extended for another year until 30 June 2023. The measure was originally introduced in 2020 as a part of the Federal […]
The work test will be scrapped for non-concessional and salary sacrificed contributions made by individuals aged between 67 and 75 from 1 July 2022. Currently, those individuals need to either […]
Trustees of self-managed super funds (SMSF) should be aware that there are minimum standards for accepting contributions from members. Broadly, whether a contribution can be accepted depends on the type […]
After the recent furore over the non-existent supply of rapid antigen tests (RATs) and the reduced availability of Polymerase Chain Reaction (PCR) tests at many testing sites, the government is […]
