Are you dealing with complex tax or superannuation issues? Feeling a bit lost or overwhelmed? Don’t worry; you’re not alone. Many people face tricky legal questions in these areas, and that’s where barristers come in handy. Let’s break it down. What’s a Barrister? Think of them as legal specialists. They’re experts in giving advice and … Continue reading Why You Might Need a Barrister for Tax and Super Matters
Introduction: We’ve all been there—rummaging through drawers, scouring folders, and frantically searching computer files, only to realise that our tax records are nowhere to be found. Whether it’s due to a move, a technological mishap, or the unfortunate aftermath of a natural disaster, the panic that sets in is undeniable. But fear not, for there … Continue reading Tax Troubles: What to Do When Records Go Missing
Introduction: Owning a holiday home can be a dream come true for many Australians, providing a retreat from the hustle and bustle of everyday life. However, when it comes to tax time, holiday homeowners need to navigate the rules surrounding deductions accurately. This blog aims to shed light on the key considerations and questions to … Continue reading Wonderland for Your Holiday Home
In today’s rapidly advancing technological landscape, scams have become increasingly sophisticated, making it crucial for individuals to be vigilant and proactive in protecting themselves. As part of the National Anti-Scams Centre’s annual Scams Awareness Week, we want to empower you to Stop, Think, and Protect against the rising tide of scams, particularly those impersonating trusted … Continue reading A Guide to Recognising and Reporting Scams in Your Digital World
Australia has just made a significant change in how people officially declare things, waving goodbye to traditional pen-and-paper methods. Led by Attorney-General Mark Dreyfus, a new law has been passed, making it possible for Australians to use digital execution, electronic signatures, and video-link witnessing for Commonwealth statutory declarations. This move towards digitization is a response … Continue reading Australians will save time and money by using digital statutory declarations
Introduction In recent times, the Australian Taxation Office (ATO) has raised concerns about potential misuse of the Fringe Benefits Tax (FBT) exemption for utes and panel vans, particularly in cases where private use is claimed to be minimal. As utes, especially dual cabs, continue to dominate the Australian new car market, employers providing these vehicles … Continue reading Decoding FBT Exemptions for Tradies and Utes: What You Need to Know
Introduction: In the realm of employee benefits, employers are always looking for ways to provide valuable perks that also make financial sense. One such avenue is the Work-Related Item Fringe Benefits Tax (FBT) exemption. Let’s delve into the basics and explore how employers can maximise this cost-efficient benefit. What qualifies as a Work-Related Item? A … Continue reading Understanding Work-Related Items and Fringe Benefits Tax Exemptions
Introduction As the Christmas season approaches or birthdays arrive, many companies opt to show their appreciation for their workers’ hard work and devotion by gifting them. What appears to be a simple gesture, however, might have tax repercussions that firms must be aware of. We’ll dig into the tax treatment of employee gifts in this … Continue reading A Tax Guide for Employers: Navigating Employee Gifting
