Understanding Fringe Benefits Tax

Understanding Fringe Benefits Tax

Fringe benefits tax was introduced in 1986 by the Australian Taxation office to combat the then growing non-cash benefit schemes that some employees where receiving. Fringe Benefits Tax is calculated on many things and is considered the catch all provision that taxes...
9 tips for SBE on Immediate asset deductions

9 tips for SBE on Immediate asset deductions

On the 12 May 2015 at 7.30pm the Government announced that it was introducing new accelerated depreciation rules for small Business entities (SBE). The rule originally allowed any asset purchased for less than $1,000 to be immediately written off. Under the new rules...