On 29 June 2022, the Government announced a proposal to: This measure is now law. From 1 July 2022, employers will not pay FBT on benefits provided for eligible electric cars and associated car expenses. The Government will complete a review into this exemption by mid-2027 to consider electric car take-up. We will provide an […]
Fringe benefits tax and buy new electric cars before 30th June 2023 Read More »
The ATO has again emphasised the importance of good tax record keeping for income earned in 2021-22 and for expense deductions. It says this will guarantee a smoother tax time but warns it will take “firm action” against individuals who falsify records or can’t substantiate deduction claims. The regulator is also focusing on work-related expenses, particularly
Record keeping and expenses Read More »
Market volatility has seen the prices of many cryptocurrencies and shares pull back from the record highs of 2021-22. That said, many investors have locked in substantial capital gains by disposing of assets during the financial year. Others have booked capital losses. The ATO expects a surge in capital gains and losses on crypto assets, including non-fungible
Crypto and other investments Read More »
Worried about starting a new business? Don’t be! The ATO has lots of resources available to help new business owners meet their tax and super obligations and we will be providing you the best tax and super tips for your new business. In Episode 44 of the Tax in Voice podcast, Assistant Commissioner of Small
Tax and super tips for your new business Read More »
Treasurer “Josh Frydenberg” on Tuesday announced that the low and middle-income tax offset (LMITO) would be extended for a further year at a cost of $7.8 billion. The low and middle income tax offset is a non-refundable offset, which means any unused offset amount itself cannot be refunded or reduce the Medicare Levy. The tax
Reporting JobKeeper payments JobKeeper payments are taxable and need to be included in tax returns. If you’re a sole trader who has received JobKeeper payments, you need to include the payments as business income at the label ‘Assessable government industry payments’ in your individual tax return. If your business is a partnership, trust or company, and your business
Learn Tax Time for 2021 Read More »
Instant asset write-off can be used for both new and second-hand assets. Some exclusions and limits apply.
Instant asset write-off for eligible businesses Read More »
Here is the details guideline and support for individuals during COVID-19 crisis. We Swanpartners will stand by your side with any kinds of help.
COVID-19 Support for individuals and employees Read More »
Here we discuss the self managed super fund system during COVID-19 crisis. We Swan Partners are ready to help you.Please contact with us.
COVID-19 frequently asked questions: Self-managed super funds Read More »
From mid-April, eligible individuals will be able to apply online through myGov to access up to $10,000 of their superannuation before 1 July 2020.
COVID-19 support available: Taxation Read More »
