FBT Implications of Work Christmas Parties and Gifts
FBT Implications of Work Christmas Parties and Gifts
Every year, we are asked about the tax impact of various Christmas or holiday-related gestures. Here are our top issues.
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Working From Home Temporary Shortcut Method Extended
Working From Home Temporary Shortcut Method Extended
Due to the continued extenuating circumstances of COVID-19 and lockdowns since 1 July, the 80 cents per hour temporary shortcut method to calculate working from home deductions has been extended to 30 June 2022.
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Single Touch Payroll changes from 1 July
Single Touch Payroll changes from 1 July
With EOFY fast approaching, reach out to us sooner rather than later to talk through the reporting option that’s right for you, and any steps you need to be aware of before 1 July.
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Working from home deductions
Working from home deductions
With the end of financial year not far ahead, the Australian Taxation Office is reminding taxpayers how best to navigate working-from-home deductions.
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Tax treatment of cryptocurrency
Tax treatment of cryptocurrency
If you invest in cryptocurrency you may need to include a capital gain or loss in your tax return. Find out how capital gains tax applies to cryptocurrency and the types of records that need to be maintained.
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2021-2022 Federal Budget
2021-2022 Federal Budget
Allan Hall provides an overview of the changes outlined in the 2021-2022 Federal Budget handed down on Tuesday 11 May.
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Taxable payments reporting system
Taxable payments reporting system
More than 60,000 businesses haven’t complied with lodgement requirements under the Taxable payments reporting system for 2019–20.
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FBT Motor Vehicle Declarations
FBT Motor Vehicle Declarations
The ATO requires all companies and trusts that have vehicles to keep odometer records of the total kilometres travelled during the year. Use our form to submit your reading on 31 March.
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REMINDER: Claim Family Tax Benefit and Child Care Subsidy by 30 June
REMINDER: Claim Family Tax Benefit and Child Care Subsidy by 30 June
ACT NOW to confirm your income now for the 2019/20 year to ensure you don’t miss out on the Family Tax Benefit (FTB) or Child Care Subsidy (CCS).
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