Click here to view the newsletter: EFA Tax and Super Newsletter-March-2018
Coming up to the end of March, it’s time to reacquaint with some of the more obscure Fringe Benefits Tax (FBT) rules. Business owners should be aware that a when a third party supplier is generous enough to include your employees it could trigger a tax liability for the business. We look at this and other quirks of the FBT regime.
We also look at the need for valuations for SMSF assets, the looming Single Touch Payroll requirements, as well as when or if a business can use simplified trading stock rules.
Please contact us if you have any questions about these topics.