2nd Quarter 2017

21 OCTOBER 2016

• Annual pay as you go (PAYG) instalment notice (Form N) – due date for payment. Lodgement is only required if you vary the instalment amount or use the rate method to calculate the instalment. 

• September 2016 monthly activity statements - final date for lodgement and payment.

A car fringe benefit most commonly arises where you (the employer) make a car you 'hold' available for the private use of an employee (or the car is treated as being available). A car you hold generally means a car you own or lease.

If you are claiming work-related expense deductions, you need to satisfy the following:

• you must have spent the money and were not reimbursed;
• it must be related to your job; and
• you must have a record to prove it.

Trusts are widely used for investment and business purposes.