Myth busted! Dual cab utes aren’t FBT-free

There’s a common myth that dual cab utes are automatically exempt from fringe benefits tax (FBT). However, that’s not the case. If your employer or you as an employer provides a dual cab ute to staff to complete their duties and the vehicle is available...

Payday superannuation

From 1 July 2026, employers will be required to pay their employees’ super at the same time as their salary and wages. On 2 May 2023 the Australian Government announced that from 1 July 2026, employers will be required to pay their employees’ super at...

The super guarantee rate is increasing – again!

The super guarantee (SG) rate will increase from 11.5% to 12% on 1 July. A reminder to update your payroll systems to align with this change. The new rate will apply to payments made to workers on or after 1 July. Your contributions for each employee are required to...

Changes to deductibility of interest on ATO debts

ATO general interest charges (GIC) incurred from 1 July will no longer be deductible, increasing the cost of carrying a tax debt. Now is a good time to consider paying any overdue ATO debt with changes to the deductibility of GIC coming into effect from 1 July 2025....

Sole traders

Common errors that the ATO are seeing include: omitting income such as salary or wages earned outside of their business. Including non-monetary payments or payments in kind incorrectly claiming expenses, for example, claiming for the portion of an expense related to...