Payroll & GST Article – Director penalty notices

Directors are personally liable to pay certain unpaid tax owed by their company to the Commissioner of Taxation. Soon, this is likely to also include GST. This personal liability can be avoided by taking appropriate timely action. Directors need to be aware of when...

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FBT Q&A – Can a departing employee salary sacrifice?

Question We have an employee who is leaving our organisation within the next month and wants to salary sacrifice her last pay to purchase two laptops. Are there any FBT or other tax issues that will prevent us from allowing this? Answer The ATO is fine with an...

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GST – Raising funds through raffle tickets

In a previous article (from the June TaxEd Update), we considered the GST and income tax treatment of fundraising events from the perspective of both fundraisers and attendees. In this article, we consider the GST implications associated with raising funds through...

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