The Fringe Benefits Tax (FBT) year ended on 31 March and for those providing benefits to employees it is now time to prepare the FBT return and calculate amounts that need to be included on employees’ income statements. A few of the hot spots for employers and employees are outlined below. Important FBT issues […]
Fringe Benefits Tax 2022 Read More »
And we’re in! We are now operating from our new office at 180 Eleanor Drive, Lucas. We’re so lucky to have such a modern and productive working space. Special thanks to the team and trades from Office Vision for the fantastic work done on the fitout and providing our new furniture, Darren, Brandon and team
The 2022-23 Budget is safe and ballot box friendly with a focus on jobs, cost of living, home ownership, and health. Key initiatives include: A 6 month, 50% reduction in fuel excise with effect from midnight Budget night A $420 cost of living tax offset for low and middle income earners from 1 July
Federal Budget 2022-23 Read More »
The rules for the Pandemic Leave Disaster Payment, the payment accessible to those who have lost work because they have had to self-isolate with COVID-19, or are caring for someone who contracted it, changed on 18 January 2022. The new rules change the definition of a close contact in line with the harmonised national
Pandemic Leave Disaster Payments rules change Read More »
The Treasurer has announced that PCR and rapid antigen tests (RAT) will be tax deductible for individuals and exempt from fringe benefits tax (FBT) for employers if purchased for work purposes. The Media release can be found here. There has been confusion over the tax treatment of RAT tests with the Prime Minister stating
PCR and Rapid Antigen Tests to be tax deductible, FBT free Read More »
With Christmas fast approaching, we caught up with our Client Service Officer, Cherilyn Fuhlbohm. When did you join the team at CountPro? I joined CountPro in April this year, just after Easter. What do you enjoy most about working at CountPro? I get to work with a great team of experts. Every day is
CountPro Team Profile – Cherilyn Fuhlbohm Read More »
Superannuation is not like other assets as it is held in trust by the trustee of the superannuation fund. When you die, it does not automatically form part of your estate but instead, is paid to your eligible beneficiaries by the fund trustee according to the rules of fund, superannuation law, and the death nomination
What happens to your superannuation when you die? Read More »
Directors will be required to register for a unique identification number that they will keep for life, much like a tax file number under a rewrite of Australia’s business registers. ASIC does not currently verify the identity of directors and Elvis Presley and Bob Marley could “quite possibly” be registered. Or at least that was
The New Lifetime Director IDs Read More »
Currently, when an employer hires a new staff member, they must provide the new employee with a Choice of Fund form (as well as the Tax File Number Declaration and the Fair Work Information Statement) to identify where they want their superannuation to be directed. If the employee does not identify a fund, the employer
New stapled superannuation – employer obligations for new staff Read More »
It’s a very busy time of year for us right now, but we did manage to sneak a few minutes with Accountant, Sally McEldrew, to ask her some questions. When did you join the team at CountPro? I commenced as a Graduate Accountant in October 2014. What do you enjoy most about working at CountPro?
CountPro Team Profile – Sally McEldrew Read More »
