New legislation will make zero or low emission vehicles FBT-free. We explore who can access the concession and how Electric vehicles (EV) represent just under 2% of the new car market in Australia but it is a rapidly growing sector with a 62.3% jump in new EV registrations between 2020 and 2021. Making EVs […]
FBT-free Electric Cars Read More »
Throughout March, the ATO sent letters to directors who are potentially in breach of their obligations to ensure that the company they represent has met its PAYG withholding, superannuation guarantee charge, or GST obligations. These letters are a warning shot and should not be ignored. The director penalty regime ensures that directors are personally
ATO ramps up heat on directors Read More »
A series of reforms and changes will commence on 1 July 2022. Here’s what is coming up: For business Superannuation guarantee increase to 10.5% The Superannuation Guarantee (SG) rate will rise from 10% to 10.5% on 1 July 2022 and will continue to increase by 0.5% each year until it reaches 12% on
What’s changing on 1 July 2022? Read More »
CountPro are once again very proud to be sponsoring the Commerce Ballarat Business Day Out, which is to be held on Wednesday May 25 at the Mercure Ballarat Hotel & Convention Centre. There are fantastic speakers lined up including Tony Cartwright & Karen Inkster, Carolyn Creswell, and Abdullahi Alim. Tickets are available
Ballarat Business Day Out Read More »
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 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 »
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 »
Running a business can be an isolating experience. And, with COVID-19 lockdowns and disruptions to trade, the pressure can be intense. NewAccess for Small Business Owners is a free and confidential mental health program developed by Beyond Blue to give small business owners the support they need. Whether you’re just feeling stressed, or completely overwhelmed about
Mental Health Support for Business Owners Read More »
Australia’s two largest states and the ACT are in lockdown as the Delta strain of COVID-19 takes its toll while others are standing firm on a policy of eradication. The result is a country at a policy impasse and divided by border restrictions. And, it is not just businesses in lockdown that are in
What now? Unwinding the Pandemic Read More »
