The key Budget Measures for our clients to be aware of are summarised here The full client newsletter can be found here.
Tax savings for a profitable trading company that can result from the NSW Govt $3,000 rebate and the new labour govt FBT exemption for EVs provided to employees.
The government and ATO are not satisfied with some employers efforts to pay their staff super so they are working to get real time reporting in place by employers through payroll software providers.
The ATO has provided more certainty around the FBT exemption for small business owners that have commercial vehicles and provide these to their employees for work purposes.
There are significant changes that affect small businesses and their owners announced in this budget
The new tax incentives from the National Innovation and Science Agenda are welcome.
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