With the end of the 2024/25 financial year fast approaching, it is again time to consider the rules concerning contributions made to your self-managed funds or other superannuation funds for this year. Following are some guidelines regarding current rules and ATO requirements. […] CONTINUE READING
The FBT exemption for plug-in hybrid electric vehicles (‘PHEVs’) broadly ended on 31 March 2025, so the 2025 FBT year may be the last year that employers can claim the exemption.[…] CONTINUE READING
Pay as you go (‘PAYG’) withholding Taxpayers need to withhold the right amount of tax from payments they make to their employees and other payees, and pay those amounts to the ATO. Single touch payroll (‘STP’) Employers should finalise their STP data by 14 July 2025 for the 2024/25 financial year (there may be a […]
The indexation rate for study and training loans is now based on the Consumer Price Index (‘CPI’) or Wage Price Index — whichever is lower. This change has been backdated to indexation applied from 1 June 2023 for all HELP, VET Student Loan, Australian Apprenticeship Support Loan, and other study or training support loan accounts.[…] […]
