COVID-19 and working from home benefits

This information is to assist in understanding your FBT obligations where employees are provided with benefits to support working from home arrangements during the COVID-19 pandemic. Key points Your fringe benefits tax (FBT) obligations may be affected if you have provided a benefit to your employee to facilitate working from home (WFH) arrangements due to […]

2021 Budget Summary

Tax-related measures announced included: Personal tax rates – no changes were made to personal tax rates. The Stage 3 personal income tax cuts remain unchanged and will commence in 2024-25 as already legislated. LMITO retained for 2021-22 – provides a reduction in tax of up to $1,080. Temporary full expensing extended – the Government will […]

The Balancing Act Budget 2021-22

The 2021-22 Federal Budget is a balancing act between a better than anticipated deficit ($106 bn),an impending election, and the need to invest in the long term. It is also a human budget (cynics would say voter focussed), with $17.7 billion dedicated to agedcare, more money in the pockets of low-income earners, the COVID vaccine […]