New Guidelines for Private Use of FBT Exempt Vehicles
The Australian Taxation Office (ATO) has released new draft guidelines for the private use of Fringe Benefits Tax (FBT) exempt vehicles.
Insights.
Event-Based Reporting for SMSFs
Self-managed super funds (SMSFs) have new event-based reporting obligations from 1 July 2018 due to the transfer balance cap measures and event-based reporting framework.
ATO Focus on Work-Related Expense Claims This Tax Time
ATO Assistant Commissioner, Kath Anderson, has announced a crackdown on work-related expense claims this tax time. The increased scrutiny comes as a result of the first ever research into the income tax gap for individuals.
Senior Promotions at Hall Browns
Hall Browns Accountants are proud to announce the promotions of two senior managers, Kirby Mitchell and Luke Launder. The promotions reflect our continued commitment to providing specialist expertise and quality outcomes for our clients.
2018/19 Federal Budget Highlights
The coalition has delivered their 5th Federal Budget and this year, Scott Morrison’s theme of “living within their means” was focused on delivering income tax cuts, providing essential services and returning to a surplus a year earlier than previously outlined.
Tax Planning 2018
As we approach 30 June 2018 now is the time to make sure that your business is prepared for the end of the financial year and to make sure that you take advantage of any tax planning opportunities.
Single Touch Payroll: Checklist
In our January Blog we discussed the introduction of Single Touch Payroll (STP) and what this could potentially mean for your business.
Single Touch Payroll: Is your business ready for the new system?
Single Touch Payroll (STP) is a change to reporting for employers. Employers will be required to report payments to employees directly from their accounting/payroll software to the Australian Tax Office (ATO).
Tax-deductible and FBT Free Christmas Gifts
With Christmas just around the corner, many Business owners start thinking about ways to thank their employee’s for their hard work during the year.
SMSF Events Based Reporting
There have been a lot of changes over the last 12 months for SMSF’s and this will continue with the introduction of “Events Based Reporting”.