TaxWise® News_Business_February 2023
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FROM THE ATO
January is traditionally a quiet time for many businesses, but the ATO hasn’t stopped publishing useful information.
Hiring contractors
PAYG withholding - employee or contractor?
Employee for super guarantee purposes?
Are you still using your ABN?
Are you changing your business structure?
Received a business support grant?
Do you provide car parking for employees?
Shortfall interest charge
Five new year’s tax resolutions
Protect your business from cyber scams
Phoenix Taskforce - targeting dodgy businesses
Foreign incorporated companies
WHAT HAS PARLIAMENT DONE?
FBT exemption for electric vehicles
Failing to keep correct records
ATO decisions affecting small business
WHAT’S IN THE PARLIAMENTARY PIPELINE
Bonus deductions for small and medium business
Reducing FBT compliance costs
KEY TAX DATES
Note! Talk to your tax agent to confirm the correct due dates for your own tax obligations. For example, you may have more time to lodge and pay if impacted by COVID-19 or a natural disaster.
