As the festive season approaches, many of you will have organised office parties or gifts for your employees to celebrate the year coming to an end. However it isn’t all fun and joy, with the ATO requiring you to consider the Fringe Benefits Tax (FBT) implications of such events.
On Tuesday the 17th of November, ESV Young Professionals held its inaugural Networking Night at the LinQ Bar.
The super tax system has been in the spotlight recently with growing concerns over loopholes that provide generous tax breaks for the wealthy. First the focus was on super tax concessions, and now the government has turned their attention to two other ‘loopholes’ – transition to retirement pensions and anti-detriment payments.
Over the coming newsletters we will be taking a look at some of the topical items concerning self managed superannuation funds (“SMSF’s”).
With the year quickly coming to a close and the festive season almost on our doorstep many of you will be busy preparing for client and staff functions. These events are a time to celebrate and let your hair down however businesses need to be mindful of the legal risks...