Tax

From 1 July 2022 employers do not pay FBT on eligible electric cars and associated car expenses, but stringent eligibility requirements apply.

Fuel tax credit rates increased on 1 February in line with fuel excise indexation. Here's what you need to know.

The ATO requires all companies and trusts that have vehicles to keep odometer records of the total kilometres travelled during the year. Use our form to submit your reading on 31 March.

The temporary full expensing measures that allow small and medium businesses to write off the full cost of new assets, with no limit, is set to end on 1 July 2023.

If you haven't reported business activity in your tax return, or there are no signs of business activity in other lodgements or third-party information, the ATO may cancel your ABN.

During the festive season, it’s important to understand and be mindful of the implications of FBT on gifts and parties, to ensure that your generosity doesn’t cause unwelcome tax consequences for your business.

The NSW Government now provides first home buyers purchasing properties for up to $1.5 million the ability to choose to pay an annual property tax instead of stamp duty.

Read our summary of the Budget's practical tax implications for individuals, small businesses and superannuation.

If you or someone you know is impacted by the floods, tax is the last thing on your mind. Focus on what is important and find out what support options are available from the ATO at this time.