Latest News | Hughes O’Dea Corredig

April 2023 – Practice Update

Start thinking about your FBT obligations The 2023 FBT year ended on 31 March, so it is now time for employers to get ready to lodge their 2023 FBT returns, where they have provided benefits to their employees (or their associates) between 1 April 2022 and 31 March 2023. If you have provided fringe benefits...

US banks, inflation, interest rates and recession risk – what it means for investors

Key points US regional bank failures have added to uncertainty about the investment outlook flowing from inflation and rate hikes. Specific issues with the failed banks and action to protect depositors may limit broader problems for US banks. The wider risks are high and its normal for problems like this after rapid rate hikes. Given...

January – February2022 – Practice Update

Electric vehicle FBT exemption legislation is now law Legislation to make certain electric vehicles exempt from Fringe Benefits Tax (‘FBT’) has now been enacted into law. Certain zero or low emissions vehicles provided as a car benefit on or after 1 July 2022, can be exempt from FBT. For this exemption to apply various criteria...