The Labor Party has formed a government, achieving a majority in the House of Representatives on its own. In the Senate, Labor is expected to gain three more seats during the half Senate election. While Labor controls the House, it
What is Fringe Benefits Tax? Fringe Benefits Tax is a tax paid by employers on some benefits offered to their employees, or their employees’ families or other associates. FBT is not an income tax. Taxable value of the fringe benefit
You may have to face numerous challenges when you run your own business, as you have to fulfil various responsibilities. Finance management is an essential aspect of running a business successfully. Accurate accounting ensures your business will remain compliant and
One of the main ways you can take money from your company is through salary, wages, and directors fees. If you are a director or shareholder of a company you can be paid salary, wages or directors fees depending on
Labor and the Coalition are engaging in the most reckless election campaign in living memory, according to economists who warn the major parties’ policies will inflate house prices, damage the budget and make the tax system worse. Prime Minister Anthony
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