tax

Arabon Accountants FBT electric vehicles

New FBT exemption for electric vehicles

On 12 December 2022, the Treasury Laws Amendment (Electric Car Discount) Bill 2022 was legislated to provide an FBT exemption for eligible electric vehicles. This retrospectively applies to eligible car benefits provided from 1 July 2022. The objective of the exemption is to encourage a greater take up of electric cars by making them more affordable and

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Arabon Accountants top tips for tax time 2022

Top tax tips for businesses and individuals to prepare for your 2022 tax return

With the end of financial year only a month away, it is time to get your tax affairs in order and be aware of what opportunities may be available to maximise your tax deductions for the 2021-22 financial year.  In this article, we highlight some of our top tax tips for businesses and individuals to

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Arabon Accountants four key priorities for ATO this tax time

Four priorities for the ATO this tax time

The Australian Taxation Office (ATO) has announced its 2022 tax-time hit list.  The four priorities for the ATO this tax time are: Record-keeping Work-related expenses Rental property income and deductions Capital gains from crypto assets, property and shares ATO assistant commissioner Tim Loh said the ATO was targeting problem areas where it saw people making mistakes.

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Arabon Accountants tax changes 1 July 2021

Tax changes and updates from 1 July 2021

The new financial year has arrived and so has several updates to the tax system and new policies impacting superannuation, healthcare, wages and tax rates.  Here’s what you need to know post 1 July 2021. Superannuation payments to increase Working Australians will receive a 0.5% boost to their superannuation fund.  Legislation requires superannuation contributions to

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