Ignoring your Fringe Benefits Tax (FBT) obligation could trigger an ATO Tax Audit

Posted by Tanya Moran on 13-Jul-2018 08:45:50

Previously the ATO has not focused its efforts on Fringe Benefits Tax (FBT) and therefore many business owners have put their heads in the sand and ignored it. But this isn’t a great strategy and with the ATO now putting more emphasis in this area it could land you in hot water. Here is what you need to know.

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Topics: ATO, Fringe Benefits Tax, audit, auditor, Sydney Accountants, FBT, tax audit, ATO audit, taxation

Audit relief for foreign subsidiaries

Posted by Kelly Morgan on 16-Aug-2016 13:09:48

Understanding when your Australian subsidiary’s accounts do not need to be audited could save your business money and man hours.

An increasing number of companies are finding it easier to sell their ideas in markets far beyond their home countries. Some may find the Australian market lucrative enough to set up an office and employ locals to assist in servicing their clients.

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Topics: SME, Legislation, financial reporting, international business, audit