Tax cuts starting July 2024

Tax cuts starting July 2024

Tax cuts starting July 2024. Starting 1 July 2024, the Australian Government is set to roll out significant updates to the personal tax rates and thresholds, affecting virtually all taxpayers in the country. These updates are part of the government's commitment to...

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How to pay yourself a salary as a company director

How to pay yourself a salary as a company director

How to pay yourself a salary as a company director. Are you a company director looking to draw your salary in the most tax-efficient way? Managing your income as a business owner can significantly affect both your personal cash flow and your company's financial...

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Guide on paying dividends as a company director

Guide on paying dividends as a company director

Guide on paying dividends as a company director. Do you want to improve your investment returns and reduce your tax liability? Fully franked dividends aren't just a way you can extract payment from your company; they can play a key role in helping you manage your tax...

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Understanding Fringe Benefits Tax in Australia

Understanding Fringe Benefits Tax in Australia

Understanding Fringe Benefits Tax in Australia. Employers often provide perks like cars or loans as part of a total compensation package. However, the Australian Taxation Office (ATO) imposes a Fringe Benefits Tax (FBT) on certain employee benefits. Employers carry...

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