In January 2013, bush fires caused significant damage to some areas of Tasmania. If your business or residential address is in one of the identified affected postcodes listed on the ATO below, the ATO will automatically make arrangements to defer the following taxation obligations – you don’t need to apply for a deferral: lodgement and […]
Tasmanian bush fires – automatic BAS deferrals Read More »
Don’t be fooled into thinking that because a vehicle is a dual cab ute that it is automatically exempt from FBT and it can be salary sacrificed. Firstly, it must meet the criteria of MT2024 or being specifically listed on the ATO list of exempt dual cab utes. Secondly, private use must be limited to:
The dual-cab FBT ‘trap’ Read More »
The ATO has released the new PAYG payment summary for Employment Termination Payments (ETPs). We recommend you download the latest payment summary, as you now need to include reason codes on your ETP. The ATO has introduced a new ‘whole-of-income cap’. Prior to 1st July 2012 the concessional treatment of an employment termination payment (ETP)
Major changes to ETP PAYG payment summary Read More »