05.03.24
The Insights published on our website have been written by our professional staff strictly for educational purposes.
In some cases, Insights may no longer be up to date, and care should be taken when reading the articles. The publication date of each Insight is included for reference.
The information and views expressed in the Insights do not constitute professional advice and are general in nature only. If you have any questions about a topic discussed in the Insights or would like to speak to one of our consultants about any other aspect of your business, please fill in our online form or call 02 9099 9109 to book an appointment.
Book a FREE consultation with our tax and financial services experts
Don’t just accept our word when we say we believe we’re the best in business accounting, call our team now to book a FREE consultation. This gives you the opportunity to ask us questions and see how what we offer can meet your needs. It also gives us the chance to tell you more about what we’re about and how our customised, cost-effective service could transform the way that you do business.
Enter your details below,
we will do the maths for you
Trending
Non-Reportable Fringe Benefits: Examples To Understand
Non-reportable fringe benefits are a valuable way for employers to provide benefits to their employees without incurring additional tax liabilities, as these benefits aren’t subject to fringe benefits tax. Employees also benefit, as non-reportable fringe benefits aren’t included in their taxable income. Let’s explore some examples of non-reportable fringe benefits in Australia. Adoption, Maternity &…
Reportable Fringe Benefits & Salary Packaging: What You Need To Know
Reportable fringe benefits and salary packaging are crucial aspects of employment that impact both employers and employees. Understanding the rules and regulations surrounding these benefits is essential for ensuring compliance with tax laws and maximising the value of compensation packages. In this article, we’ll delve into the key concepts of reportable fringe benefits and salary…
Are Fringe Benefits Tax Deductible? A Quick Guide
If you’re an employer in Australia, you must pay taxes on reportable fringe benefits provided to your employees, as benefits are considered part of their salary. However, you can claim an income tax deduction for the cost of offering fringe benefits and the corresponding fringe benefits tax (FBT) you pay. In this guide, we’ll find…
Fringe Benefits Tax Meaning
As an employer in Australia, you’re required to pay fringe benefits tax (FBT) on benefits you provide your employees or their associates, on top of their salary or wages. Read on for quick and easy-to-understand answers about fringe benefits taxes. Which Fringe Benefits Are Exempt? Some fringe benefits exempt from fringe benefits tax (FBT) can…
Other Insights from Pherrus
-
Tips on How To Avoid Capital Gains Tax on Foreign Property
Are you thinking of selling your holiday home abroad or cashing in on your overseas investment property? It pays to pause before putting up a “For Sale” sign. Selling a foreign property can trigger Capital Gains Tax (CGT) in Australia. This tax can take a surprising chunk out of your property’s sale profit. But with…
-
Real Estate Abbreviations, Acronyms, and Terms
The real estate industry is filled with jargon. When dealing with real estate professionals, it can feel like they’re speaking a different language! We’ve compiled this list of real estate abbreviations, acronyms, and terms to help you navigate the world of property buying and selling with confidence and clarity. Quick Navigation A B C D…
-
Best Payroll Software for Accountants
Looking for payroll software that doesn’t just work but works for you? As an accountant, your time is precious, your payroll processes need precision, and your clients expect perfect results. The right payroll software can deliver such results efficiently and seamlessly! But with so many options on the market, which one is the best fit…