If you're thinking about buying or leasing a vehicle for your business, there are some updated tax thresholds worth knowing about before you make a decision. From 1 July 2026, new thresholds apply to tax depreciation deductions, GST credits and Luxury Car Tax (LCT). While the rules can sound complicated, understanding the basics can help you get a clearer picture of the overall cost of a vehicle and what you may be able to claim. Here's what you need to know.
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The 2026 Federal Budget has sparked plenty of discussion, particularly around property investing, capital gains tax and family trusts. If you've seen the headlines, you might be wondering whether it's time to change your investment strategy, restructure your business or rethink your plans altogether. Not necessarily. Most of the changes being talked about are still proposals, and there is a long way to go before any new rules come into effect. But that doesn't mean they should be ignored.
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The Fringe Benefits Tax (FBT) year ended on 31 March. If your business provides benefits to employees, now is the time to review how those benefits have been treated.
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From 1 July 2026, a new tax is coming into play for Australians with larger super balances. It’s called Division 296, and while it won’t affect most people, it’s important to understand if you’re getting close to the threshold. Here’s what it means, in plain English.
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Working from home has become common for many Australians. Whether you are a sole trader, freelancer or small business owner, operating from home can be convenient and cost-effective.
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Electric vehicles are no longer a fringe option. They are becoming a genuine part of how Australians travel to work, run businesses and manage fleets. One of the biggest drivers of this shift has been the Federal Government’s Electric Car Discount, which has helped reduce the real cost of owning or leasing an electric vehicle.
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