by MT Corp | Mar 20, 2025 | ATO Rules, ATO Updates
The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees. FBT exemption for electric cars Employers that provide employees with the use of eligible electric vehicles (EVs) can potentially qualify for an FBT...
by MT Corp | Jul 7, 2024 | ATO Updates
The Treasurer is promising that inflation will decline by 0.75% as a direct result of the 2024-25 Federal Budget initiatives, including energy relief for all households, a boost to Commonwealth Rent Assistance, and the freezing of the maximum co-payment on the...
by MT Corp | Apr 16, 2024 | ATO Updates, Business Tips
Small business courses are now available online, through the ATO website. The courses are ideal for business owners who are looking to enhance their financial literacy, sharpen their record-keeping skills, or just looking to gain a better understanding of key business...
by MT Corp | Jun 19, 2023 | ATO Updates
Navigating the complexities of electric vehicle management for clients can pose challenges. It entails assisting clients in comprehending the nuances of the new FBT exemption, including its limitations, and ensuring accurate deduction claims. This task becomes...
by MT Corp | Nov 5, 2022 | ATO Updates, Uncategorized
There is nothing in the 2022-23 Budget that would create a UK style crisis. The stage 3 tax cuts legislated to commence on 1 July 2024 are not mentioned, and most funding initiatives appear to be a reallocation of previous Government initiatives. And, the commodity...
by MT Corp | May 19, 2021 | ATO Updates, Updates
The 2021-22 Federal Budget is a balancing act between a better than anticipated deficit ($106 bn), an impending election, and the need to invest in the long term. It is also a human budget (cynics would say voter focussed), with $17.7 billion dedicated to aged care,...
