FBT and the humble Aussie ute

FBT and the humble Aussie ute

Subscribe to our Newsletter Name*Surname*Email* Written by Peter Carter • Senior Accountant Published on 18 Dec 2018 What is Fringe Benefit Tax and how is it applied?Fringe Benefits Tax is a tax applied to employers who supply benefits to employees or their associates...
Exempt income not subject to tax?

Exempt income not subject to tax?

Subscribe to our Newsletter Name*Surname*Email* Written by Peter Carter • Senior Accountant Published on 19 Dec 2016 In Australia, there is a certain income that is not subject to tax. It may be possible that you possess income that is not subject to tax. This means...
Paying GST for business overseas

Paying GST for business overseas

Are you doing business overseas? October 1, 2016 saw new changes to Australian GST law, meaning that you are no longer required to pay GST on certain transactions between your business and businesses overseas. These new changes have also introduced a reduction to...
Claiming car expenses for your tax return

Claiming car expenses for your tax return

The use of a car that you owned, leased, or hired in the year can be claimed if you used it for any work related purposes. Even if the car is not registered in your name, private arrangements can be taken into account. If the car was used as your own and you paid for...
What do you need for your tax appointment?

What do you need for your tax appointment?

Being prepared for your tax appointment will save a lot of time and energy for you and your accountant. Having all the right information and documents will also mean you can claim the best tax refund possible. But what is the right information? If you are a new client...