FBT Return Time

FBT Return Time

The 2022 Fringe benefits tax (FBT) year ended on 31 March 2022, so it’s a good time to start preparing what you need to do to lodge your business’ FBT return and pay FBT. You’ll need to work out if the business has an FBT liability for any fringe benefits provided to...
Australian Federal Budget 2022/2023

Australian Federal Budget 2022/2023

The annual budget was announced on 29 March 2022. The tax and superannuation highlights in the Budget include: ▪ the Low and Middle Income tax offset (LMITO) will increase for 2021–22 by $420 (but will not be extended beyond 2021–22); ▪ the 50% reduction in the...