If you are an income tax-exempt NFP, or have clients who are, you should be aware that FBT applies differently to entertainment benefits NFPs provide their employees. Download our article to find out more.
Author: Katy Nesbitt
Payday Super Update
The ATO have issued Draft Practical Compliance Guideline PCG 2025/D5 to coincide with the enabling legislation for PayDay super being introduced into Parliament yesterday.
Division 7A and UPEs: How Bendel interrupted the status quo, what might happen post appeal, and where things are at in the meantime
An article outlining the ATO view on how Division 7A applies to UPEs, including: how the Commissioner’s position has changed over time; how the longstanding ATO approach was challenged by the AAT decision in Bendel; what might happen post appeal; and where things are at in the meantime.
The history of the Stage 3 tax cuts and what the recently announced changes mean
The then government originally announced their Personal Income Tax Plan in the May 2018 Budget. The plan was to be implemented in three stages over seven years and the ‘Stage 3 tax cuts’ refers to the final stage of this Personal Income Tax Plan…..
Bendel and UPEs – What’s all the fuss about?
The AAT decision in Bendel and Commissioner of Taxation [2023] AATA 3074 (Bendel) was a source of chatter amongst many of us in the tax community last week, but I read both the decision and the commentary that followed with particular interest….
Fellow tax nerds, rejoice!
Fellow tax nerds, rejoice! Finally a simple and efficient solution to the income vs capital dichotomy…