Earlier this week Treasurer Josh Frydenberg revealed that the federal government will announce targeted post-JobKeeper support in a “matter of days” ahead of the expiry of the wage subsidy program this month.
On 31 March 2021, the Fringe Benefits Tax (FBT) year ends. To help you meet your fringe benefits obligations, we’ve answered the key questions clients have been asking.
The ill-fated ‘second job tax’ is definitely not what you think. Regardless of whether you work & earn more in your current position, or change things up & work in another job, you will pay the SAME amount of tax.
Victorian businesses have access to a $1,200 rebate to put towards adopting new digital products - including website, e-commerce and cloud accounting tools - to assist them in their COVID-19 recovery.
The Australian Taxation Office has addressed what businesses need to know and understand to stay on top of the immediate changes to the JobKeeper scheme that will apply as of 4 January 2021.
With around 70 per cent of all Australian businesses being family-owned and operated, having a succession plan to capitalise on this value when choosing to exit the business is crucial.
