With another FBT year gone how has COVID-19 affected the tax and employee benefits?

2021-04-06T14:23:10+10:006th April 2021|Accounting, COVID-19, Taxation|

Fringe benefits tax (FBT) is one of Australia’s most disliked taxes because it’s cumbersome and generates a lot of paperwork. The COVID-19 lockdowns have added another layer of complexity as many work patterns and behaviours changed.

A fringe benefit is a ‘payment’ to an employee or an associate (an associate is someone related

How to get ready for an ATO JobKeeper 1.0 audit

2020-12-01T15:47:10+10:0029th September 2020|Accounting, COVID-19, News, Taxation|

The JobKeeper subsidy has progressed beyond the rush for eligibility into the second round. Along with the new eligibility thresholds that will carry through until March next year, the ATO is beginning to focus attention on compliance. Late last month, the Australian Taxation Office (ATO) released guidance highlighting where the regulator will

Fair Work and leave entitlements update

2020-04-30T18:35:45+10:0030th April 2020|COVID-19, Human Resources, News|

In light of the current COVID-19 outbreak, we have seen Fair Work Australia implement 20 years’ worth of changes in a few short weeks which has resulted in large scale changes to the employment landscape.

We have summarised the details for you below.

Changes to Fair Work Act
With the introduction of JobKeeper there have

What is JobKeeper?

2020-04-30T18:33:38+10:0030th April 2020|Accounting, COVID-19|

The JobKeeper payment has been established to assist businesses impacted by the COVID-19 as a subsidy from the Government to continue paying their employees. Eligible employers will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a period of 6 months.

Eligibility for an Emp