Consulting

Starting a new business is an exciting and challenging venture. However, one of the most critical components of launching and operating a successful business is financial planning and analysis.

It's time to file and pay your 2023 Fringe Benefits Tax (FBT) returns if you have provided fringe benefits to your employees or their associates between April 1, 2022, and March 31, 2023. To ensure you comply with the FBT regulations, please make a note of the following:

A significant change in tax deduction rules for Australians working from home has been reported by Tom McIlroy, a political reporter, on Feb 16, 2023. The previous Tax Office rules allowed taxpayers to claim a fixed-rate deduction of 52¢ per hour or the actual cost of technology and office equipment.

According to CA ANZ, TR 2022/4 could be "like having the ATO at the dinner table", but most find it "significantly improved". ATO's final s100A ruling has been welcomed by accounting bodies and tax professionals. It was developed to assist trustees and their accountants, according to ATO deputy commissioner Louise Clarke, and the initial reaction from the industry was positive.

According to CPA Australia, accounting and finance professionals will emerge as favorites for top jobs thanks to their experience during the pandemic. Problem-solving skills will be in high demand. CPA Australia media chief Jane Rennie said accounting professionals are increasingly recognized for the qualities they embody. During the pandemic and other global crises, accounting and finance professionals have been in high demand. We expect to see more CFOs in the top job by 2023. With its ability to observe both the accounting profession and the business world, CPA Australia said it was well placed to comment on career trends. A global network of accountants provides us with a unique insight into the labour market, she said.

Judy White, Director, and Stefanie Merlino, Partner, contributed to this article.The BDO Group in Australia.Both Houses of Congress have now passed the Treasury Laws Amendment (Electric Car Discount) Bill 2022 (the Bill).It was passed by Parliament with two amendments from the Senate and received Royal Assent on 12 December 2022.Electric cars are exempt from Fringe Benefits Tax (FBT),As long as certain requirements are met.We outline some of the practical implications of this FBT in this article.Electric cars are exempt from the tax.

If you’re in the market for a property - particularly in the larger states - there’s a good chance you’ll be needing to purchase the home through the auction process. While buying at auction can be daunting for a new buyer, there are a number of steps you can take to make the process easier

A car loan is a great way to purchase a vehicle when you don’t have all the money to pay for the car upfront. However, if you are getting ahead on your savings and potentially want to pay off your car ahead of time, there are a few things to consider. Here are some of the benefits and disadvantages of paying off your car loan sooner

While property has been an incredible investment for millions of Australians over a long period of time, you still want to make sure you’re buying the very best property you can.

With the cost of living and mortgage rates continuing to rise, many homeowners are looking at the different ways they can save some money. Fortunately, if you already have a home loan, there are some options that might be able to help.