Under the Federal Budget announcement, a 50% reduction to fuel excise will be implemented from 30 March 2022 until 28 September 2022. As a result of this, the Fuel Tax Credit rates, for fuel used by heavy vehicles travelling on public roads, has been
Fringe Benefits Tax – an explanation!
A fringe benefit is a payment to an employee that takes on a different form to salary or wages. This payment commonly takes the form of work benefits, which can include use of a work car for private use, giving a discounted loan, providing
Director Identification numbers
I first wrote about directors' identification numbers in our September 2020 newsletter. These numbers can now be obtained and are compulsory for new and existing directors.The requirement to have a director ID number applies to any directorship held
Company director identification numbers
Legislation recently passed that will see the introduction of Company Director Identification Numbers. Similar to a tax file number, these unique identifiers will be a permanent number assigned to new and existing directors. The numbers are been
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