Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
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The Treasury Laws Amendment (2021 Measures No. 4) Bill 2021 has now passed both houses, providing employers with an exemption from FBT if they provide training or education to a redundant, or soon-to-be-redundant, employee for the purpose of assisting that employee to gain new employment.
The exemption will not extend to retraining provided under a salary packaging arrangement or to costs for which an income tax deduction is specifically denied, including Commonwealth-supported places at universities or repayments towards Commonwealth student loans.
Read more at Accountants Daily.