News

FBT exemptions under the radar Providing fringe benefits goes hand-in-hand with the task of retaining good and loyal employees as well as attracting new talent…

FBT rates and thresholds: Changes for 2016-17 Now that the new FBT year is firmly underway, the ATO has released the rates and thresholds for…

Business assets, personal use? Is there a problem with using your company’s assets for yourself? Assets that belong to your business but that are being…

Sharpest pencil in the box? Financial reporting quiz for directors A survey of directors, auditors and other financial professionals conducted by the Financial Reporting Council*…

Employers: Beware “left-field” FBT liabilities It is generally understood that for fringe benefits tax (FBT) to apply, the benefits paid are usually in respect of…

Automatic cancelling of the ABNs of inactive trusts From February onwards, the registrar of the Australian Business Register will begin cancelling the Australian business numbers…