FBT Hot Spots 2022 – Part 3

FBT Hot Spots 2022 – Part 3

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...
FBT Hot Spots 2022 – Part 2

FBT Hot Spots 2022 – Part 2

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...
FBT Hot Spots 2022 – Part 1

FBT Hot Spots 2022 – Part 1

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...
SMSFs and property: What are the rules?

SMSFs and property: What are the rules?

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...