Reminder on cents per km car expenses rate
Aspen Corporate • 9 October 2018
Reminder on cents per km car expenses rate
The cents per kilometre car expense rate increased from 66 cents to 68 cents per kilometre from 1 July 2018. Employers who use the cents per kilometre rate to pay car allowances for employees should ensure that car allowance rates are up to date. If more than 68 cents per kilometre is paid, employers need to withhold tax on the excess amount under the PAYG withholding system.
From 1 July 2025, ATO debt may cost you more. Two types of interest charges on Australian Taxation Office (ATO) debt will no longer be deductible.
Division 296 super tax is the Federal Government proposal to impose an extra 15% tax on total superannuation balance earnings over $3 million.
The rise of Financial Influencers or ‘Finfluencers’ - the risks of taking advice from unqualified sources can have serious consequences.
Trust structures have been prized for asset protection and flexibility with income distributions. However, with regulatory changes and mounting administrative complexity has the shine worn off?
What does the One Big Beautiful Bill mean for Australian investors, especially super funds and small businesses with US exposure?
If you are involved with running a not for profit (NFP) organisation it is important to be aware of key obligations and requirements.
