When is a new logbook required? Keeping a car logbook may be required to accurately calculate the business-use percentage of vehicle expenses (e.g., fuel, registration, insurance and depreciation) for tax deductions. Taxpayers can keep the same logbook for their car for five years, but there are circumstances where they may need a new one during [...]
An important change is coming to superannuation that will affect how wages and payroll operate for businesses. From 1 July 2026, super contributions will need to be paid at the same time as wages. The current quarterly super payment system will be removed. In practical terms, this means: * Super will no longer be something [...]
Dual cab utes and FBT The ATO wishes to dispel the 'common myth' that dual cab utes are automatically exempt from fringe benefits tax ('FBT'). If an employer provides dual cab utes to staff to complete their duties and the vehicle is available for personal use, then the benefit may be subject to FBT. By [...]
Read our October News here, which includes these current stories: Employees incorrectly treated as independent contractors Correctly dealing with rental property repairs Tips to help sole trader clients ATO warning regarding private use of work vehicles and FBT ART dismisses argument that medical expenses were deductible Reminder September Quarter Super Guarantee date Hales Douglass [...]
Read our September News blog here, which includes these current stories: Bill to reduce student debts now law ATO to include tax 'debts on hold' in taxpayer account balances Getting the main residence exemption right Small Business Superannuation Clearing House is closing ATO AFCX data-matching program PAYGW reminders for activity statement lodgments Hales Douglass Financial [...]
