What is Fringe Benefit Tax (FBT)?

What is Fringe Benefits Tax or FBT? A fringe benefit is a benefit provided in respect of employment, essentially a benefit provided to an employee (or their associate) because they are an employee. An example of a fringe benefit being provided to an employee may be one of the following: Allowing your employees to use…

Advivo Business Navigator August 2018

New Legislations and Guidelines For Financial Year 2019 The new financial year is now in full swing! So too are some of the new legislations and guidelines that may affect the way you report to the ATO for the 2019 financial year. First off, I encourage you to read our FBT blog (FBT Exempt Vehicles…

Are You Up-to-Date with your Employees Superannuation

New Rules Set To Target Super Paid Late

So I paid super a few days late…crucify me. Many small business owners often end up with superannuation paid late. This is especially the case when they’re trying to pay super quarterly as opposed to monthly.  The black letter of the law actually denies businesses an income tax deduction for superannuation which is paid late. …

CGT - Time the Sale of Your Investment

CGT – Time the Sale of Your Investment

Advantage of Timing The Sale of CGT Assets At a time of the year when we are all focusing on getting our affairs in order and ready for tax time, for those of us who are that organised, we don’t always consider the timing of capital gains tax (CGT) events. If you have recently purchased…