Maximising Fringe Benefits Tax (FBT) this festive season
As the festive season approaches, many businesses are planning ways to reward their teams with end-of-year celebrations and gifts. While these gestures of appreciation boost morale and strengthen workplace relationships, they often come with tax implications, specifically in the form of Fringe Benefits Tax (FBT). Understanding FBT and planning carefully can ensure your generosity doesn’t […]
Taxation of Superannuation Death Benefits
There is a significant misunderstanding on who is eligible to receive a deceased person’s superannuation death benefits, and how they are taxed upon receipt. In this article, we will explore: 1. Who is a Dependent for Superannuation Purposes? The first step in this process is understanding that only a “dependent” is eligible to receive a […]
