2023
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Small Business Technology Investment Boost
- 8 July 2023
- Posted by: runningthenumbers
- Categories: 2023, Accounting, Income Tax, Tax
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The ATO is here to support you with the Small Business Technology Investment Boost. This initiative allows eligible small businesses to claim an additional 20% tax deduction to enhance their digital operations.
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Fringe Benefits Tax 2023
- 6 April 2023
- Posted by: runningthenumbers
- Categories: 2023, Fringe Benefits Tax, Tax, Work From Home
The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees including work from home arrangements, electric cars and business assets used personally.
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When is private use ‘minor, infrequent and irregular’ for a potentially FBT-exempt car?
- 13 March 2023
- Posted by: runningthenumbers
- Categories: 2023, Fringe Benefits Tax, Tax
If you drive a Ute for work, you may not need to worry about FBT if any private use meets the ATO criteria of being minor, infrequent and irregular. But what does this mean??
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Working From Home Deduction Changes for 2022-23
- 22 February 2023
- Posted by: runningthenumbers
- Categories: 2023, Income Tax, Tax, Work From Home
The ATO have made some changes to how you can claim your costs from working from home for the 2023 financial year.
Its important that you start keeping compliant records now!