ATO
Payday Super – Your Employer Checklist One of the biggest changes to hit Australian payroll in a generation is now less than two months away. From 1 July 2026, employers must pay superannuation contributions on payday – within seven business days of each wage payment – rather than quarterly. If your payroll systems, processes, and …
Fringe Benefits Tax (FBT) The fringe benefits tax year runs from 1 April to 31 March – and if your business provided any non-cash benefits to employees or their family members during that period, an FBT return may be due. The lodgement deadline is 21 May, so now is the time to check whether this …
Preparing For EOFY The end of the financial year can sneak up on even the most organised business owners. With June 30 just around the corner, now is the time to get proactive about your business’s financial position, compliance obligations, and any strategic decisions that could benefit from being actioned before the year closes. Review …
Are You Accurately Reporting Cash Income? The ATO Is Watching Cash flow is the lifeblood of any small business. And for many businesses – particularly in hospitality, trades and personal services – that includes a mix of card and cash payments. From time to time, headlines hit the stands, reminding business owners not to “hide” …
Financial Fraud Through Coerced Directorships: Financial fraud perpetrated by abusive partners and family members has emerged as a deeply damaging form of economic abuse, particularly when victims are nominated as company directors without their knowledge or consent. These fraudulent appointments can expose unsuspecting individuals to significant financial and legal liabilities – long after the abusive relationship has ended. …
Fringe Benefits Tax (FBT) Fringe Benefits Tax (FBT) applies to most non-cash benefits provided to employees in addition to their salary or wages. For employers, understanding FBT is essential to stay compliant, avoid penalties, and manage the financial implications of providing benefits. What Is Fringe Benefits Tax? FBT is separate from income tax and is …
Keeping FBT Simple Fringe Benefits Tax (FBT) applies to most non-cash benefits provided to employees in addition to their salary or wages. For employers, understanding FBT is essential to stay compliant, avoid penalties, and manage the financial implications of providing benefits. What Is Fringe Benefits Tax? FBT is separate from income tax and is paid …
Christmas Parties and FBT As the year winds down, many businesses are preparing to celebrate with end-of-year parties, staff gifts, and client events. While these celebrations are a great way to recognise your team’s hard work, it’s important to understand the Fringe Benefits Tax (FBT) implications that can arise. Getting it wrong can lead to …
What to Prepare Before the 31 October Deadline If you haven’t yet lodged your tax return, you’re not alone. With the 31 October deadline fast approaching, now’s the time to get everything in order so you can lodge on time and avoid penalties. A little organisation in these final days can save you stress and …
Running a Home Business – Tax Deductions If you run your business from home, you’re not alone – and you may be entitled to valuable tax deductions. The ATO allows deductions for the portion of your home expenses that relate directly to your business. Let’s break down the essentials so that you know what you …
Rental Properties and CGT If you’re thinking about selling your rental property, one of the most important things to prepare for is Capital Gains Tax (CGT). Many property investors underestimate how significant CGT can be-but with the proper planning and advice, you can manage your tax position effectively and avoid surprises at tax time. When CGT …
Tax Returns In Retirement Retirement doesn’t automatically mean freedom from tax obligations. While some retirees may no longer need to lodge a tax return, many still do – depending on their income sources. Let’s take a look at a breakdown of the rules around tax returns in retirement and what to watch for. Do You …