Archive for category: Tax
News
Fringe Benefits Tax (FBT) Updates and Risk Areas for Employers 2025-26
The Fringe Benefits Tax year ends on 31 March. Learn the key FBT risk areas for Australian employers including electric vehicle exemptions, contractor classification and vehicle benefit compliance.
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Home-Based Business CGT Rules Australia - ATO Active Asset Test & Main Residence Exemption Explained
The ATO has clarified that limited home-based business use does not automatically qualify a property for small business CGT concessions. Understanding how the active asset test interacts with the main residence exemption is critical when selling your home in Australia.
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Electric Car Discounts Under Review: What It Means for Your Business
Australia’s electric car tax discount is under review. While no immediate changes are proposed, businesses and employees should understand the current concessions, risks and timing considerations.
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Unlocking Tax Savings: Can Your MBA (or Other Studies) Pay Off at Tax Time?
MBA and postgraduate study costs can be tax-deductible, but only when strict ATO criteria are met. This article explains how deductibility works, what evidence you need, and when self-education claims are allowed.
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Understanding payroll governance - A complete guide for Australian small businesses
A clear guide to payroll governance for Australian employers, covering PAYG, STP, FBT, super, system controls, PRN configuration, reconciliations, risk management and a ready checklist.
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When medical bills meet tax rules - Lessons from a heartbreaking case
A recent tribunal decision confirms that most medical treatments are private expenses and not deductible, even for disability pension recipients. Learn the nexus test, common pitfalls, and planning tips before you claim.
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Super Tax Shake-Up: Big Balances Beware
The Government’s revised Division 296 super tax targets earnings on very large balances with a simpler, tiered model and a start date of 1 July 2026. Learn what changes, who is affected, and how to plan.
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Electric Cars and Fringe Benefits Tax: What Employers Need to Know
Electric vehicle FBT exemptions explained for 2025. Eligibility, PHEV changes from 1 April, reportable benefits & employer compliance requirements.
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