Upcoming FBT related changes

Upcoming FBT related changes

ATO is looking to finalise a number of FBT related issues currently under consultation relating to car parking and electric cars. With 2023 in full swing, the ATO is looking to finalise a number of FBT related issues currently under consultation. For businesses, the...
Work from home expenses: new rate

Work from home expenses: new rate

A new revised fixed rate of 67c per hour for calculating working from home expenses will apply from 1 July 2022 onwards. Find out how it affects you here. From the 2022-23 income year, taxpayers can no longer rely on the 80c per hour shortcut method with the...
Update to the Financial Advisers Register

Update to the Financial Advisers Register

In another boon for consumers, ASIC’s Financial Advisers Register will soon feature information on whether a financial adviser can provide tax (financial) advice. Consumers could soon find out whether their financial adviser can provide tax (financial) advice through...
New year, new scams

New year, new scams

Scammers are taking advantage of this time of the year when people are still in holiday mode with a new ATO impersonation scam on social media. Money never sleeps, as the old quote goes, but it could apply equally well to scammers. As most people have let their guard...