by Team Garnet | Apr 21, 2023 | ATO, Business Structures
Company directors and former company directors may be subject to director penalties if they do not lodge and pay certain obligations on time. What is a director penalty? A company director becomes personally liable for the company’s unpaid amounts of: Pay as you...
by Team Garnet | Apr 14, 2023 | ATO
For the 2022-23 FBT year, your business may be able to receive an FBT exemption for certain eligible electric cars and associated car expenses. For the 2022-23 FBT year (1 April 2022 to 31 March 2023), your business may be able to receive an FBT exemption for certain...
by Team Garnet | Apr 7, 2023 | ATO, Insurance, Superannuation
ASIC has released a report which examines the progress by some super trustees to improve their arrangements for life insurance in super. The review was in response to issues ASIC have highlighted since 2019 to address consumer harms in life insurance in super,...
by Team Garnet | Apr 1, 2023 | ATO, Tax News
The ATO Second Commissioner, Jeremy Hirschhorn, recently spoke at a conference that provides some insights into how the ATO will be closing the tax gap. He outlined how the ATO is transforming tax administration by using tax gap data collected. Essentially, the tax...
