Maximise Tax Savings with Electric Vehicles
One way to maximise tax savings as the financial year draws to a close is by purchasing an electric vehicle (EV). Passed by the Australian Parliament on 28 November 2022, the Electric Car Discount removes the Fringe Benefits Tax (FBT) on eligible electric vehicles …
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Let’s take a look at the ATO’S focus areas for tax time 2022
As the tax year draws to a close, we highlight The Australian Taxation Office’s (ATO) main areas of focus and share CPA Australia members’ end-of-financial-year insights. The ATO have been very clear about its focus on work-related expenses and rental property deductions for some time, …
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Equifax Signs Data Agreement With The ATO
Equifax signs data agreement with the ATO to further strengthen its Commercial Credit Reports Equifax has signed an agreement with the Australian Taxation Office (ATO) to receive commercial tax default data, with the intention of displaying this information in its commercial credit reports. The …
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How To Master Your Tax Planning
Master Your Tax Planning Many SME business owners make the error of thinking that the only time you should be concerned about your tax is when tax time rolls around. However, if you implement a tax strategy which involves taking small steps throughout the year, …
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