Tax
-
Tax Planning
- 7 April 2024
- Posted by: runningthenumbers
- Categories: 2024, Income Tax, Tax
No Comments
As we move towards the culmination of the 2023/2024 financial year, it’s a great time for reflection, strategy, and forward planning. Timing is everything with most tax strategies requiring action before 30 June.
-
Fringe Benefits Tax 2024
- 27 March 2024
- Posted by: runningthenumbers
- Categories: 2024, Fringe Benefits Tax, Subcontractors, 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.
-
Small Business Technology Investment Boost
- 8 July 2023
- Posted by: runningthenumbers
- Categories: 2023, Accounting, Income Tax, Tax
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.
-
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.
-
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??
-
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! -
Get Your Business Records Ready for Your Tax Return 2022
- 7 June 2022
- Posted by: runningthenumbers
- Categories: 2022, Accounting, Income Tax, Tax
Organising your end-of-financial year documents now means you can get your tax completed earlier and maximise your return. Book a your tax return appointment now and rest easy knowing it’s under control.
-
2022-23 Federal Budget Highlights
- 1 April 2022
- Posted by: runningthenumbers
- Categories: 2022, Accounting, Income Tax, Tax
The 2022-23 Federal Budget is a safe, ballot box friendly Budget as expected with a focus on cost of living, home ownership and health.
Key Initiatives include fuel excise cuts, the living tax offset and increased deductions for training and digital adoption.
-
Understanding the Basics of Personal Income Tax
- 16 March 2022
- Posted by: runningthenumbers
- Categories: 2022, Accounting, Income Tax, Tax
Do you understand your personal income tax, what you have to declare, and how much you can claim?
We can help get your taxable income correct, maximise allowable deductions and get the best tax return.
-
Christmas Parties and Presents – and Tax!
- 1 December 2021
- Posted by: runningthenumbers
- Categories: Accounting, Fringe Benefits Tax
Planning a Christmas party? Giving gifts to clients and suppliers? Paying a Christmas bonus? Talk to us to see if you can claim all or part of the cost as business expenses. Don’t get caught out by tricky entertainment rules!
- 1
- 2