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Preparing for the 31 March Fringe Benefits Tax (FBT) Deadline

Preparing for the 31 March Fringe Benefits Tax (FBT) Deadline

In an Uber the other day, the driver revealed that he had become a driver to pay for his second mortgage. He invested in property but with interest rates spiking, the only way he could hold onto the property was to earn additional income. His “day job” starts early...
Fuel Tax Credit Rates Change

Fuel Tax Credit Rates Change

The Government temporarily halved the excise and excise equivalent customs duty rates for petrol, diesel and all other petroleum-based products (except aviation fuels) for 6 months from 30 March 2022 until 28 September 2022. This has caused a reduction in fuel tax...
Car deductions added to the ATO watch-list

Car deductions added to the ATO watch-list

25 June 2019 Work-related car expenses will be on the ATO radar this tax time. According to the ATO, over 3.6 million people claimed work-related car expenses last year (17-18), equating to more than $7.2 billion dollars worth of claims. Assistant Commissioner Karen...