Super Contributions and Director Fee Question

Joshua Easton Tax

QUESTION My question is about Super contributions & Director fees. Super contribution: – My accountant has suggested we salary sacrifice contributions to the super limit of 25,000. Can I make the personal contribution of $25,000 direct into SMSF account as we use a family trust (my husband is a director – he does not work in the business) to operate …

FBT-Question

Joshua Easton Tax

QUESTION We have a construction company and I was wondering if we were allowed to salary sacrifice mortgage repayments for some employees, and if so, would the company have to pay 40% FBT? This content is accessible with a current product subscription; please log in or purchase to read further.

Tax and Superannuation Query

Joshua Easton Tax

QUESTION I would appreciate your response to a tax and superannuation question that I have. For the purposes of the question, please assume: The entity is definitely a ‘religious institution’ according to the meaning of the term ‘religious institution’ as it appears in the ITAA and then FBTAA. This content is accessible with a current product subscription; please log in …

Textbook Tax Deduction Query

Joshua Easton Tax

QUESTION I am enrolled as a full-time master’s student at Melbourne Uni. I receive a tax-free graduate research stipend. The role is part of a training program, so I can qualify as a veterinary pathology specialist, and I teach, perform research and also perform diagnostic duties as part of the role. In recently submitted my tax return and claimed $2000 …

Expense Deduction Question

Joshua Easton Tax

n QUESTION n We require an opinion on the following: – n We have a client that owns two car yards with multiple brand dealerships and they run a sprint car operation that competes around Australia. We aren wanting to know more about the deductibility of the sprint car expenses. n The sprint car set up is a serious operation, …

FBT Query

Joshua Easton Tax

QUESTIONHi, I would like to ask one question. We are a building materials wholesales company. If we provide the company Ute to our sales rep. who need to carry the goods to customer from time to time, does it fall into the FBT? I don’t know the percentage of private use but from my understanding, at least driving between home …