Newsletter – March 24 Edition

Inside this month:

•  The Fringe Benefit Tax Traps: The Fringe Benefits Tax year (FBT) ends on 31 March. We explore the problem areas likely to attract the ATO’s attention
• The ATO Debt Dilemma: Late last year, thousands of taxpayers and their agents were advised by the ATO that they had an outstanding historical tax debt. The only problem was, many had no idea that the tax debt existed. 
• How To Take Advantage Of The 1 July Super Cap Increase: From 1 July 2024, the amount you can contribute to super will increase. 
• Loans To Get A Business Started: It’s not uncommon for business owners to pour their money into a business to get it up and running and sustain it until it can survive on its own

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