How Does Tax Apply to Electric Cars?
How Does Tax Apply to Electric Cars? Laura Millar, B.Com, CA. 13 Apr 2023 Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO) has released new details on electric vehicles. The FBT exemption for electric...
What’s the Deal with Working from Home?
What’s the Deal with Working from Home? Laura Millar, B.Com, CA. 6 Mar 2023 The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur...
The ‘Super’ Wars
The ‘Super’ Wars Laura Millar, B.Com, CA. 20 Mar 2023 A consultation paper released by Treasury has sparked a national debate about the role, purpose and access to superannuation ahead of the 2023-24 Federal Budget. What is the purpose of superannuation? At first...
‘Downsizing’ contribution to superannuation – Is it worth it?
‘Downsizer’ contributions to superannuation – Is it worth It? Laura Millar, B.Com, CA. 8 Feb 2023 From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation. What’s a ‘downsizer’ contribution? If you are aged 55 years or older,...