Australian Taxation & Compliance Updates

Fringe benefits tax do’s and don’ts

With the 2024 fringe benefits tax installment payment fast approaching in May 2024, let's take a look at the...

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DIV296 Tax and what it means

The DIV296 tax and what it means to individuals with a superannuation balance over AUD $3M. Starting from July...

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The best tax minimisation strategy for business owners

Using your superannuation to build wealth requires carefully considered strategies and financial expertise. Here are some tips.

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Fringe benefits and Christmas

Posted December 5, 2022 by North Advisory

Your party snacks and decorations could be tax deductible. If you’re planning an office party this Christmas, you should review the ins and outs of fringe benefits and Christmas to make sure you don’t get caught out.

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End of calendar year accounting

Posted November 16, 2022 by North Advisory

Doing end of calendar year accounting is a great way to take stock of where your personal and business finances are right now, and where they are headed, to ensure you start the new year afresh.

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2022/23 Budget Commentary

Posted October 26, 2022 by North Advisory

How does the 2022/23 Budget impact you or your business? Find out all of the finer details in this comprehensive 2022/23 Budget commentary.

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What is a director identification number?

Posted September 13, 2022 by North Advisory

Company directors can now obtain a unique identification number to prevent the possibility of director identity fraud. Company directors are now required, by law, to apply for a director identification number.

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What is Single Touch Payroll Phase 2?

Posted August 10, 2022 by North Advisory

Employers have a number of tasks to complete to ensure they are meeting regulatory requirements for their employees and, as of January 1, 2022, these requirements include the switch to Single Touch Payroll Phase 2. Here, we discuss the specifics of this transition.

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Employee share schemes and your tax

Posted June 6, 2022 by North Advisory

Employee share schemes are often used by businesses to provide additional incentives to their staff members. The schemes can help attract new employees or boost retention and they can encourage exceptional work results.

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CGT concessions and super contributions

Posted May 11, 2022 by North Advisory

Did you know that there are significant capital gains tax (CGT) concessions available to business owners? We can provide guidance on the most tax effective strategy when you want to sell your business.

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