by LBWCA | Oct 13, 2014 | Business, ITR
From 1 July 2012, the Government introduced three new “Private Health Insurance Tiers”. Private Health fund members will no longer be guaranteed the minimum 30% rebate. In addition, the Medicare Levy Surcharge will also be progressively increased based on annual...
by LBWCA | Feb 12, 2014 | Business, ITR
With the end of the Fringe Benefits Tax (FBT) year rapidly approaching, the time has come to check the odometer readings for all vehicles held within associated entities. This odometer reading must be documented for each vehicle, as at 31 March 2014 (this Monday). The...
by LBWCA | Aug 22, 2013 | Business, ITR
The Federal Government has announced the proposed abolition of the fringe benefits tax statutory formula method for cars acquired, or car provision arrangements materially altered from 16 July 2013. The abolition of the statutory formula method will have a significant...
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