What is in our Business & Tax Update this month?

1. In March everyone's thoughts turn to Fringe Benefits Tax - we look at the ATO's FBT Hot Spots:

We discuss how salary sacrifice or employee contributions can help offset your tax liability.

2. GST on Property Developments - we look at the bill currently before parliament which will mean significant changes to how the GST on property is currently managed.

3. Will your business be audited? It's something no-one actually enjoys... We look at the small business benchmarks and how the ATO uses these to identify audit targets. A number of industries have small business benchmarks listed on the ATO website, and while being outside these benchmarks may not necessarily mean there is a tax related problem, it may mean that you will encounter other viability issues down the track.

For all this and more read our March 2018 update.