Steven Rosenstrauss

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At the end of the Fringe Benefits Tax year (31 March 2011), the thoughts of most employers turn to questions about how to calculate the taxable value of Fringe Benefits provided to their employees during the previous year and how to collect the required documentation to enable the FBT return to be prepared and lodged.

Applying the margin scheme?

Make sure your valuer dots the ‘i’s’ and crosses the ‘t’s’!

Applying the margin scheme? Make sure your Valuer dots the 'i’s' & crosses the 't’s'!
On 4 December 2008 the Assistant Treasurer introduced into Parliament the Tax Laws Amendment (Taxation of Financial Arrangements) Bill 2008, containing the legislation for stages 3 and 4 of TOFA. The 2008 Bill replaces a Bill introduced in 2007, which lapsed upon the proroguing of Parliament for the 2007 Federal election.
The NSW Treasurer, Eric Roozendahl yesterday released a mini-budget in which the State’s budget position has moved from a projected surplus of $700 million at the time of the 07/08 Budget to a $917 million deficit disclosed in the mini-budget.