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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.
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.
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.
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.
The ATO Targets FBT on Work Vehicles: Don’t Let Assumptions Cost You
By WSC Group | Created on April 1, 2026
The ATO is increasing scrutiny on work vehicle usage, making accurate reporting and record-keeping more important than ever.
Key Lessons from the Kilgour Case: Smarter Valuations in Business Sale Transactions
By WSC Group | Created on April 1, 2026
A recent Full Federal Court decision provides important guidance on how market value is determined for CGT purposes.
What the New Division 296 Tax Means for Individuals with Large Super Balances
By WSC Group | Created on April 1, 2026
The Division 296 tax introduces additional tax on super balances above $3 million from 1 July 2026. Here's what it means and how it works.
A Wake-Up Call for Family Businesses on Fringe Benefits Tax
By WSC Group | Created on March 27, 2026
Family businesses need to carefully review the perks they provide to working directors and family members. A recent Full Federal Court decision highlights the complexities and potential risks of informal arrangements for FBT purposes.
FBT 2025–26: Key Issues, Risk Areas and What Employers Need to Know
By WSC Group | Created on March 5, 2026
The Fringe Benefits Tax (FBT) year ends on 31 March. Here’s what employers need to know about electric vehicle exemptions, contractor risks, record-keeping changes and the ATO’s key compliance focus areas for 2025–26.
ATO Update on Inherited Homes: What it Means for Your Family's Wealth
By WSC Group | Created on March 2, 2026
The ATO has issued a Draft Taxation Determination TD 2026/D1 which looks at how inherited family homes are treated for CGT purposes. Some industry commentators have dubbed it a 'death tax by stealth', but it is a bit more complex than this. The draft guidance focuses on a specific aspect of the rules around applying the main residence exemption to inherited properties, potentially exposing deceased estates and beneficiaries to significant tax if not planned correctly.
