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The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees. FBT exemption for electric cars Employers that provide employees with the use of eligible...

When it comes to structuring a business or managing tax obligations in Australia, a bucket company is a term that often comes up. But what exactly is a bucket company, and how can it be used...

Cryptocurrency taxation is a topic that often confuses investors and traders. Many people assume that they only need to pay tax when they cash out their crypto into fiat currency, but in reality, the...

Transition to Retirement (TTR) is a popular financial retirement planning strategy in Australia that allows individuals aged 55 or older (depending on their preservation age) to access their...

Debt recycling in Australia is a financial strategy used to convert non-deductible debt (e.g., a home loan) into tax-deductible investment debt over time. It is commonly used by homeowners and...

For many business owners, making informed decisions about vehicle purchases is important to maximizing tax deductions. One critical aspect is the car depreciation limit, which sets the maximum value...

Commercial debt forgiveness is a financial concept that occurs when a creditor (the lender) formally forgives or cancels a debt owed by a business or individual to themselves. In simple terms, it...

When making payments of interest, dividends, or royalties, it is crucial to understand resident withholding tax (RWT).   Understanding Resident Withholding Tax (RWT) on Interest Resident withholding...

Claiming parking expenses on tax can be a tricky subject, as it depends on various factors such as the purpose of travel, the nature of your work, and whether the expenses are directly related to...