You’re probably aware that Fringe Benefits Tax (FBT) is a tax that employers pay on certain benefits provided to their employees. However, there are certain benefits that are exempt from FBT, known as FBT exempt benefits. These benefits can provide a cost-effective...
In recent years, there have been three ways you can claim deductions for expenses incurred while working from home – The Actual Method: You claim the actual amount of expenses by keeping records and written evidence to determine the work-related proportion of actual...
If you run your professional affairs through a company, trust, or partnership and more than 50% of your income comes from your personal skills or efforts, then you are earning Personal Services Income (PSI). This impacts the types of deductions you can claim, and the...
If you are looking for a new challenge, read on! We are on the lookout for not one, but two motivated Senior Advisers / Client Managers to join our growing, progressive and impactful team of change makers. O’Connells OBM is looking for someone to help us do what we do...
As the Tax Office continues to navigate the transition from paper, to digital, and back to paper communication, it appears that some clients are not receiving their PAYG instalment notices in the mail (or perhaps via email!) as expected. As such, if you haven’t...
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