by 3D Accounting | Nov 25, 2024 | blog
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...
by 3D Accounting | Nov 19, 2024 | blog
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...
by 3D Accounting | Apr 23, 2024 | blog
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...
by 3D Accounting | Sep 20, 2023 | blog
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...
by 3D Accounting | Oct 11, 2022 | blog
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...
