The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees. FBT updates and problem areas The FBT exemption for electric cars Does FBT apply to your contractors? Overlooking or misreporting FBT on private use of work...
About the Client Jan, a professional in her early 30s, was renting an apartment in North Sydney and had recently wrapped up her role at an Australian start-up. Taking a well-earned career break, Jan was weighing up her next move—professionally and financially. During...
About the Client Our client had been operating as a sole trader in the transport industry, working as a contract truck driver. They were recently presented with an exciting opportunity: to purchase an established trucking business, which included two trucks and direct...
Explore the key priorities, fiscal outlook, and strategic initiatives outlined in the Budget 2025–26 Detailed Report, now available for public review. This comprehensive document breaks down government revenue, spending allocations, and economic forecasts, offering...
If you’re planning to sell Australian property, it’s crucial to obtain a clearance certificate from the Australian Taxation Office (ATO) before settlement. Without one, the purchaser is required to withhold up to 15% of the sale price and remit it to the ATO under the...
We’ve worked with generations of business owners and professionals, and one common regret we see is not prioritising wealth creation sooner. Andy recently joined a podcast discussing exactly this—how to turn business income (or a high salary) into long-term wealth....
The Situation A client and his long-time friend decided to come together to undertake a property development project. They came to Atomic Business Advisers for advice on how the property development should be structured. The Facts The intention from the beginning was...
Unfortunately, this is what can happen…. John runs his trading company as a sole director. He has 5 staff and is very hands-on, however, his staff need to be managed to keep the business running. He is also the sole director of the trustee company for his family...
I believe there are now two great Australian dreams – the dream of home ownership, and the annual dream of a Tax Refund. As it is tax time, this is a topical subject. Now into my 22nd tax season, I mentally prepare myself for all the weird and wonderful tax deductions...
Now that the Financial Year end has come and gone, I am in full swing meeting with clients about their figures, and discussing how things have gone for the year. I thought I would set out the key figures I am always looking at on a client’s Profit & Loss and...
If you're looking for a business adviser who’ll walk alongside you, not just show up at tax time, we’d love to hear your story.
