In our video series Business Services Director, Ken Hogarth talks through Business Efficiencies.
Click through to watch the full video of this important topic alongside a transcript.
The 2023 Fringe Benefits Tax (FBT) year is coming to an end on 31st March 2023. This is the time for employers to think about their FBT obligations.
Time flies when you’re having fun!
Hall Chadwick QLD’s 2023 Summer Internship Wrap Up.
Getting it right is imperative!
The classification of workers as either employees or contractors has long been an area of interest to the ATO and other government organisations, with many businesses getting it wrong. The cost of incorrectly classifying a worker can be significant, resulting in employers being liable for unpaid superannuation, leave entitlements, PAYG withholding and potentially other amounts under the relevant state employment laws.
The Treasury Laws Amendment (Electric Car Discount) Bill 2022 received Royal Assent on 12 December 2022. This legislation provides for an exemption from Fringe Benefits Tax (FBT) for benefits pertaining to electric cars. Limited guidance has been provided by the ATO to date however it has been indicated that further guidance will be released once the Bill has been enacted.
South East Queensland businesses impacted by rainfall and flooding between February and April 2022 have more time to apply for Extraordinary Disaster Assistance Recovery Grants.
Effective from 31 January 2023, ASX is changing its approach to the lodgement of announcements. Companies should be aware of this new rules.
$3,000 rebates are now available to eligible Queensland individuals and businesses who have purchased a new Zero Emission Vehicle (ZEV). This rebate is for ZEV’s with a dutiable value of up to $58,000 (including GST) purchased on or after 16 March 2022.
Don’t get caught running an ATO red light. Effective from 1 July 2022, the ATO has released “Practical Compliance Guideline (PCG)”. The PCG outlines the ATO’s compliance approach towards the allocation of profits from professional firms to an individual professional practitioner.
A quick reminder to all of our building and construction clients in QLD that the next round of QBCC annual reporting information is due to be lodged soon.
