With interest rates looking like they’re on the rise in Australia, it’s worth asking yourself how your finances would handle a rate increase. You are likely to find out the answer to that soon enough, with the increase expected to occur by mid-year, ahead of schedule....
In our third and final article (read Part 1 / Part 2), we’ve highlighted more hot spots for employers and employees to keep an eye on in 2022. Mismatched FBT and income tax amounts The ATO is picking up mismatches between the amount reported as an employee...
Following on from Part 1, we’ve highlighted more hot spots for employers and employees to keep an eye on in 2022. Motor Vehicle Problem Areas Just because your business buys a motor vehicle and it is used almost exclusively as a work vehicle, that alone does not...
The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees. Assistance and benefits provided due to COVID-19 Many businesses are likely to have provided different types of benefits and assistance to their employees...
With the property market hitting all-time highs in 2021, interest in investing in direct property through your SMSF has never been higher. In the September 2021 quarter, Australia’s SMSFs had almost $88 billion invested in non-residential real property, with another...
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