We are pleased to supply you with the latest edition of our Client Alert, which contains information on a number of important taxation developments:

  • Avoiding the FBT Christmas Grinch! It’s that time of year again – what to do for the Christmas party for the team, customers, gifts of appreciation for your favourite accountant (just kidding), etc. We deliver our top tips for a generous and tax effective Christmas season!
  • Missed the Director ID Deadline? Now What? If you missed the 30 November 2022 deadline for obtaining a Director ID, the Australian Business Registry Services have stated that they will not take action against directors that apply for their ID by 14 December 2022.
  • What do the ‘Secure Jobs, Better Pay’ reforms mean? The Fair Work Legislation Amendment (Secure Jobs, Better Pay) Bill 2022 passed Parliament on 2 December 2020. The legislation is extensive and brings into effect a series of changes and obligations that will impact on many workplaces. We explore the issues.

Other updates and reminders:

  • SMSFS: Changes to annual lodgments of TBAR
  • FBT Exemption for electric car Bill passed
  • SMSF Reporting: What and when to report
  • ATO: When a loan from  company will trigger Div 7A
READ MORE

Please do not hesitate to reach out if you wish to discuss any of the points raised in this Alert.

Yours sincerely,
The Team at PHA