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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.
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.
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.
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.
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.
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.
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.
Blog
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.
DPN Review: A Wake-Up Call for Business Owners on Personal Tax Risks
By WSC Group | Created on March 2, 2026
Running a successful business is hard work—and sometimes, despite best intentions, tax obligations slip. If the business is being operated through a company structure, then the ATO can potentially issue a Director Penalty Notice (DPN), holding company directors personally liable for unpaid taxes.
Navigating CGT on Your Home: New ATO Clarity for Home-Based Businesses
By WSC Group | Created on March 2, 2026
Running a business from home—whether as a sole trader, freelancer, or small operator—has many perks. But when it comes to selling your home and potentially saving on tax, recent guidance from the ATO serves as a reality check.
Keeping Your Self-Managed Super Fund Compliant
By WSC Group | Created on March 2, 2026
Self managed superannuation funds (SMSFs) can offer significant flexibility, allowing the members to make investments and enter arrangements that may not be available through retail or industry superannuation funds. However, being an SMSF trustee does come with important responsibilities to ensure that all dealings comply with superannuation law.
AI Tax Tips Helpful Shortcut or Costly Trap
By WSC Group | Created on February 11, 2026
AI tools like ChatGPT are increasingly used for quick tax answers, but relying on them can expose you to audits, penalties, and costly mistakes.
