Fringe Benefits Tax (FBT) is a tax that applies to most non-cash benefits provided to employees in addition to their salary or wages. For employers, understanding FBT is essential to stay compliant, avoid penalties, and manage the financial implications of providing benefits. What Is Fringe Benefits Tax? FBT is separate from income tax and is…
Looking to buy a house for the first time, or to purchase another property? Buying a home is an exciting time, fraught with anticipation, but also with tax obligations and compliance. In some cases, those tax obligations can add up to additional costs. Understanding these costs before you commit helps you budget more accurately and…
After a proper break, getting back into business mode can feel tough. January can feel like one long Monday, making your vacation seem further away by the day. But for businesses, it’s imperative. Between catching up on emails, reconnecting with clients and getting your team back into routine, it’s easy for tax and compliance obligations…
If your business claims debt deductions – such as interest on loans – it’s essential to understand whether the thin capitalisation rules or the newer Debt Deduction Creation Rules (DDCR) apply to you. What Are the Thin Capitalisation Rules? Thin capitalisation rules are designed to prevent excessive debt funding in businesses. They may limit the…
