Tax

Business Tips, Ideas & Support Articles
Accounting

Electric Vehicles and Fringe Benefits Tax (FBT) Exemptions

Electric Vehicle FBT Exemption: What’s Behind the Fashionable Concession? Your Questions Answered   What type of Electric Vehicle is exempt? First, the Electric Vehicle  must be a “car” as the FBT law defines it. A “car” is: A vehicle designed to carry less than 1 tonne, and A vehicle designed to carry less than 8 passengers Electric utes over 1 tonne are not “cars” and are therefore not exempt under these rules – there are special FBT rules for utes and don’t assume they are always exempt from FBT. Motorcycles, scooters and similar vehicles are not “cars.” Second, the car must

Inline Partners May 4, 2023
Tax

New Working From Home Deduction Rules – Changes to Recordkeeping

Employees who work from home can claim limited deductions against their personal tax for some expenses incurred at home. The ATO has just changed how you calculate and support those deductions. In short, from now on you must have evidence of your expenses and hours worked from home, even for the fixed rate method.

Inline Partners February 22, 2023
Tax

How to Vary PAYG Instalments

If you have profit or investment income, the ATO may require you to pay quarterly PAYG Instalments based on the previous year. If conditions change, you can vary PAYG Instalments. Here’s how.

Inline Partners February 8, 2023
Graphic showing the hidden cost of ATO compliance
Accounting

What’s in the October 2022 Federal Budget?

The Federal Budget announced on Tuesday night was the second for 2022, and represents the new Government drawing a line under the previous government’s policies. The Budget itself did not present many substantial reforms or initiatives.

Inline Partners October 26, 2022
Page of tax calculations
Tax

Your Unpaid Trust Entitlements Could Be Taxed

If you leave a private company’s entitlement to an unpaid share of trust income in the trust, without a complying loan agreement, the trust may have to pay tax on it. Plan now to avoid problems in 2023-2024.

Inline Partners August 25, 2022
Accounting

Tax returns: How to claim correctly and maximise your refund

Lodging a tax return yourself can be both time-consuming and confusing so it pays to seek the help and experience of an accountant/tax agent. One of the biggest pitfalls for people who decide to self-lodge a tax return is failing to claim what they are entitled to. The truth is many people simply don’t know about all the tax deductions they can claim for or they haven’t kept an accurate record of them. Many others forget to report some income or incorrectly enter figures – both of which can lead to interest and penalties. Here are some of the ways to

Inline Partners March 15, 2022
Accounting

Federal Budget Summary 2021

Watch our Federal Budget Summary 2021.  This is a recording of the webinar held on 14 May 2021 and provides a summary of the key budget initiatives which impact on small to medium businesses.

Inline Partners May 14, 2021
Accounting

Small Business Tax Advisory

Learn how the top 5 tax planning strategies can help you legally reduce your taxable income and increase your tax deductions. We cover the fundamentals of tax planning for businesses and individuals, and how it works.

Inline Partners April 23, 2020

Newsletter

Get in touch with our latest news

    Latest News

    Categories

    What our clients say…

    Lauren, David and Christy have provided reliable and trustworthy service and advise to my business for many years. They pick up the phone when you need them, they make time to meet with you when you need them. Their shared experience and knowledge results in informative answers that work for all my tax advise & compliance, business & tax structuring, staffing and payroll needs
    Sue Du PlessisOwner, Essential Life Psychology
    I don’t think of Inline as a supplier, I actually think of them as a true business partner
    Don BinkelyFounder & Owner, Property Providers
    We needed someone we could trust.
    We didn’t know what we were doing, so we really needed someone who did, and someone we could rely on.
    David OwenHead of Operations, Good Pair Days
    It’s a very strong relationship. They are not just our accountants.
    They are our trusted advisers and have been invaluable to both our business and personal success
    Lily JankulovskiGeneral Manager, Marco Polo Foods
    They are friendly, open and held our hand while we were still learning and were just a phone call away every step of the process.
    The difference it has made to our family life has been huge and we don’t have to go through 600 receipts at the end of the year anymore
    Jennifer WebsterBusiness and Marketing Manager, Mindflare
    The Inline team offer great customer service. They are accessible, knowledgeable and flexible. I own and manage 2 very different businesses and they have been able to service both effectively. I highly recommend Inline Partners!
    Ceri BeemanPresident and HR Manager, Energeia

    We believe in personalised expert advice

    At Inline Partners, we believe in providing expert advice and customised service to enable you to focus on what matters in your business.

    Get in touch

    We will get back to you ASAP.


      Bookkeeping, Accounting and Tax Advisory

      Copyright 2024 (c) All rights reserved.

      Our Location

      Cuneo, Suite 8, 35 Alexandra St,
      Hunters Hill NSW 2110, Australia

      Contact Us

      (02) 8310 5493
      contact@inlinepartners.com.au

      Follow Us

      Facebook Linkedin Instagram