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With the FBT year coming to a close on 31 March, now is a good time to review your FBT requirements, whether an employer or an employee. Part 1: Your obligations as an employer   What is Fringe Benefits Tax (FBT)? A...
Thu, 27 Feb 2020
Many medical practitioners starting out are often faced with having to hone their cash flow management to ensure they don’t get caught out with big tax bills that are difficult to pay, resulting in large tax liabilities owed to...
Thu, 27 Feb 2020
In the healthcare services industry, it is not uncommon for medical practitioners to operate from within healthcare centres that are owned and/or run by third parties. Often when practitioners commence or continue to operate...
Wed, 26 Feb 2020
An important Bill introducing a Superannuation Guarantee amnesty period was passed by both Houses of Parliament yesterday and is currently awaiting Royal Assent. The amnesty period allows for the correction of historic...
Tue, 25 Feb 2020
At the end of March 2020, the existing accesses to the Australian Taxation Office’s (“ATO") online portals (via AUSkey and Manage ABN Connections) will be closed. Replacing these is the combined system of myGovID and...
Tue, 11 Feb 2020
A Bill passed by the Senate yesterday will mean directors can be personally liable for unpaid company Goods and Services Tax (“GST”). Currently directors are personally liable for unpaid superannuation and withholding...
Fri, 7 Feb 2020
New law regarding minimum Superannuation Guarantee contributions now in force   Employers need to be aware that as of 1 January 2020, an individual employee's salary sacrifice contributions cannot be used to reduce an...
Tue, 4 Feb 2020
Another day, another taskforce set up by the Australian Taxation Office (ATO). With an estimated $11.1 billion tax revenue missed by the ATO due to black economy behaviours, it is no wonder that the ATO is rounding up its troops...
Mon, 3 Feb 2020