by Keeli Cambourne | Jul 27, 2022 | News
The legislation, Treasury Laws Amendment (Electric Car Discount) Bill 2022, will amend the Fringe Benefits Tax Assessment Act 1986 to exempt from FBT the use of eligible electric cars made available by employers to employees. This FBT exemption will apply to battery...
by Shared from SMSF Adviser | Jul 27, 2022 | News
Following the Full Federal Court decision, Commissioner of Taxation v Douglas, the government this week has released a draft bill to ensure that the decision only affects the schemes and benefits specifically outlined in the decision. The Douglas decision found that...
by Keeli Cambourne | Jul 26, 2022 | News
The ATO has been receiving an increase in calls from people experiencing severe financial hardship or wanting to access their superannuation to assist with general expenses. Unfortunately, these circumstances do not meet the grounds for compassionate release. The ATO...
by Keeli Cambourne | Jul 26, 2022 | News
The government is investing $50 million in regulatory reform to remove unnecessary obstacles to smooth out business operations, including $40 million for the Regulation Reform Incentive Fund to speed up approvals, simplify processes and deliver up to $200 million in...
by Keeli Cambourne | Jul 26, 2022 | News
Bruce Billson said unfair contract terms are a real problem for small and family businesses and it is pleasing to see this election commitment being progressed so quickly. The government plans to introduce civil penalty provisions “outlawing the use of, and reliance...
