FBT on plug-in hybrid electric vehicles
Changes to FBT Exemptions for Plug-In Hybrid Vehicles Starting April 2025 Employers must have binding agreements in place to retain FBT exemptions for PHEVs, with new restrictions on eligibility for Read More…
Taxpayers can start lodging their tax returns
Streamlined Tax Lodgment: ATO Pre-Filled Data Simplifies the Process Ensure Accurate Deduction Claims and Stay Informed of Changing Rules With millions of pieces of information now pre-filled (including information from Read More…
Luxury car tax: determining a vehicle’s principal purpose
ATO Guidance on Determining the Principal Purpose of a Car for Luxury Car Tax (LCT) Insights into Assessing LCT Liability for Vehicles Used for Carriage of Goods versus Passengers The Read More…
Changes to deductions this tax time
Changes to deductions this tax time Taxpayers who are small business owners operating from home, or who use a vehicle for business purposes, need to be aware of some changes Read More…
Fuel tax credit rate change 1 August
Use the correct fuel tax credit rates Rates changed on 1 July and 1 August — use the ATO’s calculator to apply the correct rates when making a claim on your BAS. Read More…