As the festive season approaches, many employers start thinking about how they can celebrate Christmas with their teams. Christmas parties, gifts, and other end-of-year perks are a great way to show appreciation for hard work and boost morale. However, before you get too carried away with the celebrations, it's important to understand if and when FBT will apply.
Last week we saw the Reserve Bank announce a 10th interest rate rise since the low in November 2020. For many mortgage holders on fixed rates, the impact may not yet be felt. However, we have crunched the numbers and report below the estimated interest expense increase, based on rates we can see in the market. Here are the top 5 things to action today.
Last month, significant media coverage was dedicated to medical operators in Queensland now being subject to Queensland payroll tax on the patient fees remitted to practitioners who practice in the medical centres run by those operators. Even if a medical centre only provides administrative services to practitioners (under service agreements), payroll tax may still apply if the medical centre exercises administrative or operational control over the practitioners’ operations.
All directors appointed on or before 31 October 2021 are required to apply for a Director ID by 30 November 2022 and if you fail to meet this deadline, you may be subject to a $13,200 penalty.
Good news for Queensland residents with interstate properties: the new land tax policy has been discarded. Read on to find out more about your land tax liability.
October's Federal Budget revealed several key economic factors which will impact every business in Australia. Read on to find out how to navigate your business in the forecasted economic climate.
Calling all directors! All company directors appointed on or before 31 October 2021 are required to apply for their director ID by 30 November 2022. With this deadline approaching fast, it is important that you are familiar with how to apply.
STP Phase 2 is underway, with both Stage 1 and Stage 2 changes available on select digital service providers. Today we breakdown how to implement the Stage 1 and Stage 2 changes in your payroll software.
Earlier this month, the Treasury Laws Amendment (Electric Car Discount) Bill 2022 passed the House of Representatives and went before the Senate. Read on to find out more about this Bill and how it would apply to your business or your job.
Are you an investor of an Early-Stage Investment Company (ESIC)? If so, you may be eligible for significant tax incentives.