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The Australian government passed the Fringe Benefits Tax Assessment Act in 1986 to make sure that employers pay the right amount of taxes when they give their workers certain benefits. This act is important for employers because it spells out the rules and regulations for providing these benefits and makes them pay their fair share…
A fringe benefit is a form of compensation provided to employees that goes beyond their normal salary or wages. These benefits can include things like health and dental insurance, life insurance, disability insurance, housing allowances, education assistance programs, childcare programs, employee discounts, and more. Fringe benefits are usually provided by employers to attract and retain…
If you are in the process of buying a property, you may have heard that Lenders Mortgage Insurance (LMI) may be required if you are planning on taking out a home loan with your bank. However, if this is your first time buying a home, you may be wondering what LMI is? An LMI meaning…