What are the Tax Implications for Contractors?

Blog

Let’s unravel the tax implications for Contractors. Australian Taxation Office (ATO) Wisdom:As an independent contractor in the land Down Under, you’re effectively treated like a small business. Picture yourself in a cozy corner office (or maybe just your home office with a nice cuppa). Here’s what you need to know: ABN (Australian Business Number): First…

FBT-exempt Electric Cars (Part 2)

Blog

Who cannot access the FBT exemption Your business structure makes a difference By its nature, the FBT exemption only applies where an employer provides a car to an employee. Partners of a partnership and sole traders will not be able to access the benefits of the exemption as they are not employees of the business.…