The 2023-24 Federal Budget will be released on Tuesday, 9 May 2023. Look out for our update the next day on the important issues to you, your superannuation and your business. Little has been released to date on the impending Budget beyond the tax on super balances above $3m and the decision not to extend […]
Key lodgment and payment dates for business for April. 21 April Activity statements March monthly activity statements – final date for lodgment and payment. Quarter 3 (January–March) PAYG instalment activity statement for head companies of consolidated groups – final date for lodgment and payment. 28 April Activity statements Quarter 3 (January–March) activity statements – final date for lodgment and
April 2023 Tax Due Dates Read More »
When you start up a business, inevitably, it consumes not just a lot of time but a lot of cash and much of this is money you have already paid tax on. So, it only seems fair that when the business is up and running the business can pay you back. Right? There a myriad
Company money: A guide for owners Read More »
Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO) has released new details on electric vehicles. FBT exemption for electric cars If your employer provides you with the use of a car that is classified as a zero or low emissions vehicle there is
How does tax apply to electric cars? Read More »
Part IVA is the general anti-avoidance provision that the ATO can use to attack arrangements contrived to obtain tax benefits. So why is the ATO interested in how Part IVA applies in practice? We explore the details. Also of interest is the new PCG 2023/D1 on Electricity costs when charging an electric vehicle at home. The PCG
April 2023 Essential Tax Summary Read More »
International tax planning involves several strategies to reduce taxes for multinational corporations or businesses operating across multiple jurisdictions. One such strategy is to manage the payment of royalties and interest. Royalties and interest are common forms of payments made to entities that own intellectual property or have provided financing for a business. These payments can
The Benefits and Pitfalls of Royalty and Interest Payments in International Tax Planning Read More »
Taxpayers claiming deductions on holiday homes are in the ATO’s sights. The ATO is concerned that people with holiday homes are claiming more deductions than they should and have published the starting questions they will be asking to scrutinise claims: How many days was it rented out and was the rent in line with market
What will the ATO be Asking about your Holiday Home? Read More »
A consultation paper released by Treasury has sparked a national debate about the role, purpose and access to superannuation ahead of the 2023-24 Federal Budget. What is the purpose of superannuation? At first glance, the consultation released by Treasury in February titled Legislating the objective of Superannuation sounds innocuous enough. The consultation seeks to anchor future policies
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you work from home. From 1 July 2022 onwards, you can choose either to use a new ‘fixed rate’ method (67
What’s the Deal with Working from Home? Read More »
The Government has announced that from 2025‑26, the concessional tax rate applied to future earnings for superannuation balances above $3 million will increase to 30%. So much for no change! From 1 March 2023, clients will need to keep accurate records of when they work from home to be able to claim the updated 67
March 2023 Essential Tax Summary Read More »
Administration Officer
With her kind, caring and approachable nature, Reshika never fails to provide a positive, welcoming experience for our clients, assisting them as they walk in our door or call our office. She understands the power of customer service and is always willing to lend a hand.
With her fun and relaxed personality, Reshika is incredibly creative, especially when it comes to finding solutions for evolving challenges, from financial matters to marketing requirements and beyond. Holding a Masters of Business Administration with a major in Marketing and significant experience in the banking industry, Reshika has a unique combination of skills which makes her a real asset to Fortis.
Reshika is motivated to reach new heights, take risks and develop her career by working alongside Bernadette, our Client Administration Manager, and having the opportunity to learn new things such as new platforms and procedures.
Reshika is passionate about fitness and does not miss an opportunity to take advantage of the gym. Despite Reshika’s relaxed personality it all goes out the door when card or board games are involved!
