From 1 April 2015 the FBT and gross-up rates have changed – please ensure your FBT and salary sacrifice calculations reflect the new rates from 1 April 2015. Date fringe benefit provided FBT rate Gross-Up rate: Type 1 Benefits Gross-Up…
Did you know that fuel tax credit rates change regularly? Fuel tax credit rates are indexed twice a year in line with the consumer price index – in February and August. There are new rates effective from 2nd February 2015 that…
Matrix Accounting would like to wish everyone a very merry Christmas and a safe, happy and prosperous new year. We look forward to working with you in 2015. Our office will be closed over the festive season until mid January…
Do you own an investment property or are you thinking of buying an investment property? With current low interest rates and reasonable home prices now seems like a great time to become an investor. Aside from the usual benefits associated…
From the 1st January 2014 the instant asset write-off threshold has been reduced to $1,000 (previously $6,500) and the special rules for motor vehicles no longer apply.
As we head towards the warmer months of the year we thought it would be a good idea to remind you that expenditure on sun protection is tax deductible. That’s right, if the nature of your work requires you to…
Fringe Benefits Tax – Rate Change
From 1 April 2015 the FBT and gross-up rates have changed – please ensure your FBT and salary sacrifice calculations reflect the new rates from 1 April 2015. Date fringe benefit provided FBT rate Gross-Up rate: Type 1 Benefits Gross-Up…
Fuel Tax Credits – Rate Change
Did you know that fuel tax credit rates change regularly? Fuel tax credit rates are indexed twice a year in line with the consumer price index – in February and August. There are new rates effective from 2nd February 2015 that…
Merry Christmas from Matrix Accounting Services
Matrix Accounting would like to wish everyone a very merry Christmas and a safe, happy and prosperous new year. We look forward to working with you in 2015. Our office will be closed over the festive season until mid January…
Investment Property Tax Deductions
Do you own an investment property or are you thinking of buying an investment property? With current low interest rates and reasonable home prices now seems like a great time to become an investor. Aside from the usual benefits associated…
Changes to the Small Business Simplified Depreciation Rules
From the 1st January 2014 the instant asset write-off threshold has been reduced to $1,000 (previously $6,500) and the special rules for motor vehicles no longer apply.
Sun Protection is Tax Deductible
As we head towards the warmer months of the year we thought it would be a good idea to remind you that expenditure on sun protection is tax deductible. That’s right, if the nature of your work requires you to…