For many businesses, tax is something that only comes into focus once the financial year has already ended. By that point, most decisions affecting the outcome have already been made. Tax forecasting changes that approach by bringing visibility to your likely tax position before 30 June, while there is still time to act. April is…
After several years of consultation and amendment, Division 296 — commonly referred to as the “$3 million super tax” — is now law. The legislation passed Parliament in March 2026 and applies from 1 July 2026, introducing a new layer of tax for Australians with very large superannuation balances. This article explains: The facts —…
The Australian Taxation Office (ATO) continues to prioritise compliance with fringe benefits tax (FBT), using data-matching and risk-based reviews to reduce the FBT gap and correct non-compliance. Employers should be aware that vehicle benefits and related documentation are key areas of scrutiny going into the 2026 FBT year. The ATO’s own guidance highlights the importance…
With the end of the FBT year fast approaching on 31 March 2026, now is the time for employers to review benefits, confirm records, and plan any last‑minute actions. Careful planning can help ensure you achieve the best outcome. Review employee benefits FBT can apply to a wide range of benefits provided to employees or…
Tips on Small Business Tax Small Business Tax can seem like a foreign language, especially when there are so many grey areas. That is why Chris Morris, our Business Development and structuring Specialist, has provided a general list of small business tax do’s and don’ts. DO – Begin with the end in mind. To determine…
What is Fringe Benefit Tax (FBT)? A fringe benefit is a benefit provided in respect of employment. This effectively means 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…
Advivo outlines the attributes you should look for when selecting a business advisor. Choosing the right business advisor in Brisbane can be paramount for taking your business to the next level. With the wide variety of options available, it’s essential to understand the key attributes that make a business advisor exceptional. We explore five crucial…
Advivo shares the important things to know about getting the best end of staff gifts and celebrations this Christmas season. Christmastime always comes with plenty of expenses that need to be dealt with, and as such, you should be looking at every way that you can keep your costs managed and your tax deductions…
Advivo explains the most effective strategies to approach tax planning. Effective tax planning minimises tax payable meaning you’re not paying more tax than you should be. Understanding the principles of tax planning and tax structuring is crucial for both individuals and businesses. First, let’s delve into the question: What exactly is tax planning? What is…
Originally Written: 15 Nov 2018 | Last Updated: 1 Aug 2023 Advivo Partner, Chris Morris, gives examples of how smart structuring can ensure the security of your business. At Advivo, we find when we start looking at structuring businesses for clients, there are two great drivers behind the discussion. These are: Tax minimisation; and Asset…
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