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Government to Wind Back Electric Vehicle FBT Exemption in Three Stages

By WSC Group | Created on June 1, 2026

The Government has announced a staged wind-back of the current Fringe Benefits Tax (FBT) exemption for electric vehicles (EVs), following recommendations from the Statutory Review of the Electric Car Discount released in May 2026. While the policy continues to support EV uptake, it also aims to make concessions more sustainable and better targeted. The changes are expected to save the Budget an estimated $1.7 billion over five years from 2025-26.

SMSF Year End Reminder: What to Check Before 30 June

By WSC Group | Created on June 1, 2026

The end of the financial year is fast approaching. For SMSF members and trustees, a few timely checks now can avoid headaches later and help preserve valuable tax and contribution opportunities. Below is a checklist of the things members and trustees should consider before 30 June.

Key 2026-27 Federal Budget Tax Reforms: What They Mean for You

By WSC Group | Created on June 1, 2026

The 2026–27 Federal Budget, released on 12 May 2026, has received more attention than most budgets in recent years.

Ending Card Surcharges: What You Need to Know Before 1 October 2026

By WSC Group | Created on June 1, 2026

The Reserve Bank of Australia (RBA) has confirmed that all surcharges on credit and debit card payments — across eftpos, Mastercard and Visa — will be banned from 1 October 2026.

Practical Help for Businesses Impacted by Fuel Disruptions

By WSC Group | Created on May 15, 2026

With global fuel supply chains still under strain from conflict in the Middle East, many Australian businesses are feeling the impact through higher operating costs, delayed deliveries and pressure on cash flow.

Superannuation contribution caps to increase from 1 July 2026

By WSC Group | Created on May 15, 2026

Following the recent release of the December 2025 quarter average weekly ordinary times earnings (AWOTE) the annual concessional contribution (CC) cap will increase from $30,000 to $32,500 from 1 July 2026.

New ATO ‘Verify Call’ Feature: Instant Protection Against Phone Scams

By WSC Group | Created on May 15, 2026

As tax time approaches, so does the annual spike in scam calls pretending to be from the ATO.

ATO Updates EV Home Charging Rate: What It Means for You

By WSC Group | Created on May 15, 2026

The ATO has announced a significant update that will affect anyone using electric vehicles (EVs) or plug-in hybrid electric vehicles (PHEVs) for work or fleet purposes and where the vehicle is charged at the relevant individual’s home.