Blog tagged as government policy

FBT and how Salary Packaging might impact your take home pay. There are a number of considerations when including vehicles, meals, gym memberships, airport lounge memberships into a salary offering. We also work out the difference between a meal being sustenance rather than entertainment.

What is FBT, and how long has it been around? What the common misconceptions surrounding FBT, avoidance and the dreaded Tax Office audit?

do you need to fill in a tax return if you're on Centrelink payments? Possibly, dead people have to in their last year on the planet, so let's chat to Services Australia about EOFY considerations if you draw payments from the government

Stage 3 tax cuts have now been legislated and given Royal assent - yes "L-A-W" as one very famous ex PM used to say.

Contributions caps, forward payments, NALE, Div296 and everything in between. IFPA's recent annual conference is a gold mine of information now available and as always, if you're not sure, contact your tax accountant or your authorised financial adviser.