by Alix Dower | Apr 3, 2023 | blogs
As a part of your employees’ employment contracts, do they receive benefits such as a car space, gym membership or even a car to drive? These are what’s known as fringe benefits, which is a ‘payment’ to an employee that takes a different form to salary or wages. This...
by Alix Dower | Mar 27, 2023 | blogs
Arthur Murray Dance School was a landmark decision regarding tax precedent, which affects how pre-paid income derived from a contract is taxed when it straddles several tax years. In Sydney, the Arthur Murray Dance School provided lessons to its clientele after being...
by Alix Dower | Mar 27, 2023 | blogs
With the passing of the Electric Car Discount Bill 2022 in December 2022, electric vehicles with a value of less than $84,916 (and first held for use at or after 1 July 2022) are eligible for an exemption from fringe benefits tax. A car must be classified as a zero or...
by Alix Dower | Mar 20, 2023 | blogs
The truth is, we all despise paying taxes. Some people will even go to great lengths to avoid it. After all, if you earn $200,000 for the year and pay no tax on it, surely you will end up richer than the taxpayer – right? Actually, it’s wrong. What you will have...
by Alix Dower | Mar 15, 2023 | blogs
Scammers are constantly looking for new and subversive ways to trick people into giving them their money. Impersonating trusted organisations has become a common feature of scams being sent (email, phone or text). Unfortunately, even the Australian Taxation Office...
