Lightbulb Accountants is a new kind of acccounting firm. We partner with you to simplify your accounting, grow your business, and reduce your tax.
All tagged Tax
ATO has released a draft compliance guideline to address compliance challenges faced by taxpayers when separately identifying home charging costs for electric vehicles from the total electricity consumption of a household.
Operators of sharing economy platforms will be required to report transactional information to the ATO from 1 July 2023. If you are operating in these platforms, make sure your information comes to us when we complete your tax return.
From 1 July 2022, new electric vehicles under the luxury car limit are exempt from fringe benefits tax. This means that an electric vehicle under $84,916 can be salary packaged for a substantial tax benefit.
The Queensland government have made changes to the land tax rules to include interstate landholdings.
Discussion of fringe benefits and FBT obligations for a business.
