Treasury Laws Amendment (Electric Car Discount) Bill 2022 provides for an FBT exemption for cars that are classified as zero or low emission vehicles and are provided by employer to an employee as a car fringe benefit. Some key points include: - Exemption is limited...
Fringe Benefits Tax
read more
ATO summary of hiring your first worker
To ensure you meet your tax and superannuation obligations as an employer, check out this ATO summary of hiring your first worker.
The top Christmas tax questions
Every year, we are asked about the tax impact of various Christmas or holiday related gestures. Here are the top Christmas tax questions, answered!
FBT 2021 Tax and Employee Benefits
Fringe benefits tax (FBT) is one of Australia’s most disliked taxes because it’s cumbersome and generates a lot of paperwork. The COVID-19 lockdowns have added another layer of complexity as many work patterns and behaviours changed. For FBT 2021 Tax and Employee Benefits, keep reading!
FBT Hot Spots
With the new FBT year looming on 1 April, businesses are being urged to review their Fringe Benefits Tax position. For the FBT Hot Spots for 2020, read on!