Tax Tips

The Biggest Mistake You’re Likely to Make in 2025 Tax Time

The Biggest Mistake You’re Likely to Make in 2025 Tax Time

The most significant mistake taxpayers are likely to make during the 2025 tax season is failing to accurately report income from new or nontraditional sources. This includes income from gig work, side hustles, cryptocurrency, and digital payments received through platforms such as Venmo, PayPal, and Cash App. With the IRS implementing stricter reporting rules and […]

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Fringe benefits tax and buy new electric cars before 30th June 2023

On 29 June 2022, the Government announced a proposal to: This measure is now law. From 1 July 2022, employers will not pay FBT on benefits provided for eligible electric cars and associated car expenses. The Government will complete a review into this exemption by mid-2027 to consider electric car take-up. We will provide an

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