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Understanding Your Super Guarantee Obligations: ATO’s New Nudge Pilot Initiative

The ATO is expanding its use of data to help employers meet their super guarantee (SG) obligations. From March 2024, the ATO will conduct a small nudge letter pilot, contacting a limited number of employers by letter. These employers appear to have outstanding SG obligations for the 1 April 2023 – 30 June 2023 quarter and the […]

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NFPs May Need To Register For Income Tax Exempt Status

There have been changes to the administration of not-for-profit organisations that self-assess as income tax exempt. Key changes Action steps for charitable Not-For-Profits Eligibility breakdown To be eligible for charity registration, an organisation must: Your organisation must also have an Australian Business Number (ABN) with the right ‘entity type’. Understanding your charitable purpose The Charities

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Leveraging Fringe Benefits: Navigating Work-Related Item Exemptions for Maximum Advantage

The most cost-efficient benefit an employer can give an employee is one that is both deductible for income tax purposes and exempt from Fringe Benefits Tax (FBT).   One such type of benefit is the ‘work-related item’ FBT exemption.   Like all concessions, there are some requirements that must be met to take advantage of it. What

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