Tag Archives: FTB

What You Should Know About Fringe Benefits Tax (FBT) for Your Business

Introduction: If you’re a business owner and you offer extra perks to your employees on top of their regular pay, then this blog is for you. These extra perks are called fringe benefits, and they can help your employees save on taxes. However, you also need to deal with something called Fringe Benefits Tax (FBT). … Continue reading What You Should Know About Fringe Benefits Tax (FBT) for Your Business

Avoid ATO’s Increased Tax Penalties: Important Updates and Reminders

Introduction In recent times, the Australian Taxation Office (ATO) has increased its focus on taxpayers with outstanding tax lodgments and debts. This shift in focus has led to heightened penalties for those who fail to meet their tax obligations. As part of the 2023–24 Federal budget, the ATO received increased funding to scrutinise taxpayers with … Continue reading Avoid ATO’s Increased Tax Penalties: Important Updates and Reminders