Electric vehicles remain an attractive option for many Australians, but proposed road user charges could change the long term cost equation. If you’re thinking about buying an EV personally or through your business, it’s worth understanding what may be around the corner.
Providing a work vehicle to employees can create unexpected FBT obligations, especially where private use is involved. With the ATO increasing its focus on vehicle-related FBT compliance, now is a good time for businesses to review whether they’re getting it right.
With the FBT year ending on 31 March, now is the perfect time to review whether your company vehicles and employee arrangements are making the most of the electric car FBT exemption. While the incentive can deliver significant savings, the rules are precise—and easy to get wrong.
With the festive season approaching, it’s the perfect time to celebrate your team’s hard work – but are you aware of the tax implications for holiday parties and gifts? Understanding Fringe Benefits Tax (FBT) can help you plan cost-effective celebrations while staying compliant with tax rules.
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