Blog
FBT exemption for Hybrid plug in cars ends April 2025
Zero or low emissions vehicles have been FBT (Fringe Benefits Tax) exempt since 1 July 2022. For taxpayers with an expensive car and/or a significant portion of private use, this can be quite a tax (FBT) saving. Plug-in Hybrid cars have historically been...
ATO portals can help you monitor tax debts and reduce accounting fees
If you feel like you are getting a tax bill or ATO reminder notice every second week, it’s quite possibly just the reality of your business and personal tax requirements with the ATO. You are not alone. As an example, let’s say you run a normal small-medium sized...
Buying cars in your personal name, not the company?
The landscape for motor vehicle tax deductibility has changed. This is because the immediate asset write off has been reduced to $20,000, so most vehicles will now go back to small business annual % depreciation, and secondly, the prices of cars have skyrocketed...
Office Closure – Sat 23rd Dec- Sun 14th Jan
As we reach the end of 2023, we want to say thank you to all our clients and friends for all your support this year, and we wish you all the best for the holidays. Our office has decided to close for an extended holiday break. Our last day in the office will be Friday...
The ATO’s tough new approach to collecting debt
In the last 6 months we have seen a much tougher stance from the ATO regarding how they collect debts. Payment plans are hard to get and they are not refunding any interest charges (currently 11.15%) or late lodgement penalties. There has also been a large...
Business and Super keys from Budget 2023
Here are our key takeaways for business and superannuation from last night's budget: 1. Current <150K asset write-off rules will cease on 30 June 2023. To claim assets under the current rules the asset must be installed/delivered and ready for use before 30 June...
Office Closing Saturday, 22 April & Re Opening Wednesday, 27 April
Due to the Public Holiday on Tuesday April 25th, our office has decided to take the opportunity to close for an extended long weekend. Our office will be closed from Friday April 21st at 2:00pm and we will re-open on Wednesday April 26th at 8:30am. If there are any...
Office Closing Thursday 26 January & Re Opening Monday, 30 January
Due to the Public Holiday on Thursday January 26th, our office has decided to take the opportunity to close for an extended long weekend. Our office will be closed on Thursday January 26th and Friday January 27th, and we will re-open on Monday January 30th. If there...
Closing Saturday 24rd Dec – Sun 15th Jan
As 2022 comes to an end, our office has decided to close for an extended holiday break. Our last day in the office will be Friday 23rd December, and we will return to the office on Monday 16th January 2023. If you have any urgent matters that need attending to, please...
Director ID Deadline – 30th November 2022
The deadline to obtain your director ID for anyone who is a director of any company is 30th November 2022. We have previously sent two email alerts to clients about the processes involved to complete this task. For those who have not yet applied for their ID, please...
Reminder to apply for your directors ID
Following our blog posted on March 22, about Directors Identification Numbers, this is a reminder that all directors are required by law to have a Directors ID. If you were a director before 31 October 2021, you need to apply for your ID before 30 November 2022. If...
Office Closing Thursday, 22 September & Re-Opening Monday, 26 September
Due to the Public Holiday on Thursday September 22, our office has decided to take the opportunity to close for an extended long weekend. Our office will be closed on Thursday September 22nd and Friday September 23rd, and we will re-open on Monday September 26th. If...
Our client Gourmet Herbs wins massive small business award!
Huge congratulations to the Vassallo family and their team at Gourmet Herbs, for taking home the 2022 Australian Small Business Champion Award (Agricultural Services). This is the pinnacle of small business achievements and follows a long list of other...
Changes to Compulsory Super (SGC)
Over the past few months, there have been some changes to Compulsory Super Guarantee. It is important that you are aware of the following changes: For payroll processed from 1 July 2022 onward, compulsory super guarantee (SGC) will be payable at 10.5% of wages, which...
Can I claim my caravan as a tax deduction? YES
It might surprise you that the answer to the above question is often - yes you can claim a deduction for a percentage of the purchase of a caravan or camper trailer as a tax deduction, as well as a percentage of running costs like repairs and maintenance. Firstly,...
Have you recently started trading shares or crypto?
In the last few years, the amount of retail investors trading the share market and/or crypto has exploded. At 3D we have seen this ourselves, with a lot of clients new to this investment space. So, a few things you need to be aware of: 1. The ATO know everything you...
Budget – Pretty Boring, Not Much to Say
Well, as accountants it's nice to have a year when post-budget we can say there haven’t been any drastic changes. Most of the positives from the budget have been already been headlined in mainstream media, but here they are again in 3D speak: Fuel excise tax cut in...
Director’s Identification Number
A director’s identification number is a unique identifier that is given to a director to prevent the use of false or fraudulent director identities. A director’s ID is required by law and applications will need to be made through the Australian Business Registry...
Congratulations Tahlia and Breanna
Tahlia Miller has been an exceptional asset to the 3D team for over ten years now, and although she has held a Business Diploma for six years, an Accounting Degree for three years (graduated with a Distinction), Tahlia just recently completed the higher level CPA...
Closing Fri 24th Dec – Sun 16th Jan
Well, another year has flown by just like that. The team has built up a stack of holidays and so we are taking an extended break this year, our last day will be Thursday the 23rd of December, and we will re-open Monday 17th January 2022. If anyone needs...