As an employer, you want to reward your staff for their efforts, but there’s more to paying your staff than PAYG and superannuation. You may incur Fringe Benefits Tax that you and not your staff, will have to pay.
If you haven’t registered your domain name, it might be time to secure that because anyone can register your business name with an .au domain name. This way you’ll safeguard your businesses brand identify on the internet. Find out why in our short report.
In the 2020 Budget, the federal government initiated several stimuli to keep business moving. One of these was the provision to fully expense eligible items for the cost of assets in the year the asset was first used or installed ready for use to a taxable purpose. This initiative was set to end on 30 June 2022, but has now been extended for a full year, until 30 June 2023.
On 25th October 2022, the Federal Budget was handed down to the Australian people. This budget focussed on Covid-19 and other disasters but certain tax-related measures will affect Australians across the nation.
Want to make tax time easy? Contact Canberra’s best tax accountants at ITP Accounting Professionals Canberra City
If you’re one of the many who work overseas, you’ll need to understand how you’ll be taxed in both Australia and the country you’re working in. Find out more in our short report.