Tax & Super: Let's look at what a Labor Government would do

One of the more controversial measures announced by the ALP is the reforms to the dividend imputation credit system to remove refundable franking credits from shares. The measure, as announced, would apply to individuals and superannuation funds, and exclude Australian Government pension and allowance recipients, and tax-exempt bodies such as charities and universities

Financial Accounting, Investment, New Business, Superannuation, TaxationJPR BUSINESS GROUP2 May 2019Tax, self managed super funds, superannuation, Taxation, ato, australian tax office, business, small business, SMSF, family business, negative gearing

Benefits during emergencies exempt from FBT

If your business assists employees during an emergency, for example floods, bushfires etc., then fringe benefits tax is unlikely to apply to the assistance you provide. While we doubt anyone would be thinking about FBT during a crisis, it’s good to know that the tax system does not disadvantage your generosity.

TaxationJPR BUSINESS GROUP7 March 2019FBT, Taxation, Tax, ATO