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.

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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.

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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.

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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 The draft guidance focuses on a specific aspect of the rules around applying the main residence exemption to inherited properties, potentially exposing deceased estates and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.

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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.

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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.

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Downsizer contribution rules allow eligible individuals to contribute sale proceeds from a family home into superannuation. Here's what you need to know.

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Electric vehicles now make up over 8% of new car sales in Australia. A key driver has been the Federal Government's Electric Car Discount, now under statutory review.

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Recent draft guidance from the ATO signals a tougher stance on deductions for holiday homes used as both personal retreats and income sources.

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AI tools like ChatGPT are increasingly used for quick tax answers, but relying on them can expose you to audits, penalties, and costly mistakes.

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With the well earned December/January holiday season on the way, many employers will be planning to reward staff with a celebratory party or event.

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Employee super contributions for the quarter ending 31 December 2025 must be received by the relevant super funds by 28 January 2026.

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The Government has released draft regulations that would require certain retailers to accept cash payments, ensuring Australians can still buy essential goods.

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Running, or deciding to set up a self-managed super fund (SMSF) gives you control, but it also brings legal responsibilities.

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Employers should start preparing for the permanent closure of the Small Business Superannuation Clearing House (SBSCH) on 1 July 2026.

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