by David Maynard | Mar 8, 2021 | ATO, Australian Taxation Office, FBT, Fringe Benefits Tax, Starting a Business, Tax Savings |
Fringe Benefits Tax (FBT) legislation was introduced in 1986 to capture tax revenue on certain employee “non cash” benefits. For example, FBT will capture the private use by employees/directors/associates of a “company” non-commercial vehicle. However, tax...
by David Maynard | Mar 4, 2021 | ATO, Australian Taxation Office, Corporate, Starting a Business, Tax Savings |
The new Loss Back provisions for companies commences with lodgment of 2021 tax return. The Loss Back provisions allows a company to offset a current year loss against a previous year profit, generating a refundable tax offset for the current year for tax paid in a...
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