Christmas parties and gifts and FBT 2022
It is that time of year again that employers are organising the annual Christmas party for their employees and thinking about that perfect gift! There is no such thing as a Christmas Party Fringe Benefits Tax (FBT) category and depending on circumstances of the party...
CHANGES TO CLAIMING WORKING FROM HOME EXPENSES – effective from 1 July 2022
A revision to claiming working from home related expenses is currently being drafted by the ATO to come into effect from the 2022-23 income year onwards. From 1 July 2022 the shortcut method is no longer available (brought in as a COVID-19 working from home measure)....
2022/23 BUDGET SNAPSHOT
Low and Middle Income Tax Offset (LMITO) – has not been extended. The maximum tax offset of $1,500 is only applicable for the 2022 financial year and has not been extended for the 2023 financial year. SMSF Audits every 3 years Abandoned – the 2019 Budget proposed that...
Cryptocurrency
Record Keeping for Cryptocurrency You need to keep the following records in relation to your cryptocurrency transactions including: the date of the transactions, the value of the cryptocurrency in Australian dollars at the time of the transaction (which can be taken...
WINNER Excellence in Professional Services
FINALIST Excellence in Small Business category