News

Driver

Ridesharing: The Driver

Uber and other ride-sourcing facilitators have become increasingly popular over recent years. From a
driver’s standpoint, there are a number of tax issues potentially in play. See overleaf for the tax implications from a rider’s perspective.

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Trsut

ATO’s new crackdown on Discretionary Trusts

The ATO has just updated its guidance around trust distributions made to adult children,
corporate beneficiaries and entities that are carrying losses. Depending on the structure of these
arrangements, there is a potential that the ATO may take an unfavourable view on what were previously
understood to be legitimate arrangements.

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Rat Test

RAT and PCR Tests - TAX ACCOUNTANTS GEELONG

Favourable tax treatment for employers

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Fbt

FBT year-end checklist

March 31 marks the end of the 2021/2022 fringe benefits tax (FBT) year which commenced 1 April 2021. It’s time now for employers and their advisors to turn their attention

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Record Keeping

Record keeping

Keeping good business records is important for a number of reasons. It assists you to:
■ comply with your tax and superannuation obligations
■ gain a greater insight into the financial health of your business, enabling you to make informed decisions
■ manage your cashflow
■ demonstrate your financial position to prospective nlenders, and also potential buyers of your business.

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Cashflow Forecasts

Cashflow forecasts

Now more than ever businesses should consider preparing cashflow
forecasts.

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