Federal Budget 2025/26 Tax and Superannuation Report
Last night, Jim Chalmers presented the 2025/2026 Federal Budget, marking his fourth as Federal Treasurer. The budget focuses on cost-of-living assistance, with a tax cut in the individual income tax rate. This cut will affect all incomes between $18,201 and $45,000, with the existing 16 per cent tax rate reducing to 15 per cent from […]
Updates and Changes to FBT Compliance
The Australian Taxation Office (ATO) has recently introduced several updates to Fringe Benefits Tax (FBT) for the current FBT year finishing 31 March 2025, impacting employers and employees alike. This article outlines the key updates to reportable fringe benefits, transport expenses, living allowances, plug-in hybrid vehicle exemptions and alternative record-keeping options. Reportable Fringe Benefits While […]
