EMBRACE YOUR BUSINESS.

How the ATO identifies potential FBT audits

The table below outlines the key tax return labels that can alert the ATO that an employer may have some FBT exposure. DISCLOSURE ITEM / RETURN LABEL FBT RISK Fringe benefit employee contributionsItem 6, Label I of the ‘C Return’Item 46, Label T of the ‘T Return’ The disclosure of income at this label confirms …

Continue reading “How the ATO identifies potential FBT audits”

Superannuation eligibility changes could impact your payroll

The $450 threshold for super eligibility will be removed in July. This could impact payroll costs. If you rely on a pool of casual workers who earn less than $450 per month, talk to us. We can help you prepare for the increased cost.

Extension of the temporary full expensing regime for your business

Do you understand your personal income tax, what you have to declare, and how much you can claim?

We can help get your taxable income correct, maximise allowable deductions and get the best tax return.