With the ATO’s compliance targeting of large businesses in the past few years reaping rewards, this tax time, its turning its attention to small businesses.
With the FBT lodgement deadline fast approaching, we give you some tips on areas of FBT which may need particular attention, such as motor vehicles, employee contributions, the living-away-from-home allowance, car parking and the employer rebate.
Last night, Treasurer Scott Morrison handed down the Federal Government’s Budget. Click through to read a full report summarising the tax & accounting measures introduced that will come into effect from 1 July and onwards.