On Tuesday, 12 May 2026, Treasurer Jim Chalmers handed down the 2026–27 Federal Budget, outlining what the Government has described as its most ambitious reform agenda to date. This year’s Budget focuses heavily on housing affordability, cost-of-living pressures,...
Businesses claiming Fuel Tax Credits should be aware of changes impacting the April–June 2026 BAS period. The Federal Government has introduced a temporary 32c per litre reduction in fuel excise, alongside a three-month reduction of the heavy vehicle road user charge...
Significant changes are coming to Australia’s superannuation system, with the introduction of Payday Super now officially legislated. From 1 July 2026, employers will be required to pay superannuation at the same time as salary and wages - fundamentally reshaping...
For many small and medium-sized businesses, Fringe Benefits Tax (FBT) can be overlooked until the end of the financial year. However, preparing early helps avoid unexpected liabilities, compliance risks and last-minute administration. The FBT year runs from 1 April to...
Self-Managed Superannuation Fund Commercial Property Related Party Lease Agreements A common strategy for SMSFs is to invest in commercial property and have your business lease the premises. To stay compliant the arrangement needs to be on arm’s length terms (this...
It is important to lock periods in Xero once they are finalised to prevent any incorrect changes to take place and reports being changed once finalised. Changes can happen accidentally which can cause issues that may not be found until year end. You can change and...
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