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A question we are often asked by junior doctors is whether meals provided by their medical practice during work hours are deductible and is Fringe Benefit Tax (FBT) applicable. In this article, we take a look at the two main factors concerning income tax and FBT implications in regard to...
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You may be entitled to claim deductions in relation to expenses you incur as an employee purchasing, repairing, laundering or dry-cleaning work-related clothing in your tax return. Deductions related to work-related clothing fall into four main categories: Non-compulsory uniforms typically bear the employer’s name and insignia. Although non-compulsory, they are...
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It is common for individuals to incur expenses while looking for a new job and attending interviews, including travel and parking costs. However, the expenses incurred when looking for a job are generally not tax deductible. These expenses come at a point too early to be regarded as being incurred...
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A number of payroll tax relief measures have been introduced and amended to alleviate the impacts of coronavirus. Below is a quick snap shot by state. VIC In response to the second wave of COVID-19, the Victorian Government has increased the threshold for payroll tax deferral from $3million - $10million....
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On 8 April 2020, Parliament passed two Bills to give effect to the JobKeeper Payment scheme. The broad...
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