FBT 2025: What you need to know
Janima Baro2025-03-25T09:14:12+08:00FBT 2025: What you need to know The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees. FBT exemption for electric [...]
Trade Wars and Tariffs 2025
Janima Baro2025-03-25T09:13:19+08:00Global Google searches for the word “tariffs” spiked dramatically between 30 January and 2 February 2025, a +900% increase to the previous 12 months. We look at what tariffs really [...]
What about Financial Advice Reform?
Janima Baro2025-02-14T10:26:45+08:00There has been more speculation than actual reform for financial advice. 2024 saw the introduction of tranche 1 of QAR, but tranche #2 is more complex, much promised but yet to [...]
2025 tax & super changes
Janima Baro2025-02-14T10:24:45+08:00Clearance certificates required for all Australian property sales From 1 January 2025, all Australian residents (for tax purposes) selling or disposing of Australian real property (land and buildings) must have [...]
New Standards for Fuel Efficient Cars
Janima Baro2025-02-14T10:24:19+08:00New standards for vehicle manufacturers come into effect from 1 January 2025. Vehicle manufacturers will have a set average CO2 target for all new cars they produce, which they must [...]
Lost legislation
Janima Baro2025-02-14T10:23:39+08:00Parliament is scheduled to resume from 4 February 2025 (assuming an election is not called prior). When an election is called, the Houses of Parliament dissolve and any Bills lapse. [...]
Wage theft’ Criminalized
Janima Baro2025-02-14T10:23:13+08:00As of 1 January 2025, the intentional underpayment of workers will be criminalised. Employers will commit an offence if: they’re required to pay an amount to an employee (such as wages), or [...]
Future Made: Hydrogen production and critical minerals
Janima Baro2025-02-14T10:00:04+08:00The Future Made in Australia is the Government’s plan for a net zero economy. The Hydrogen Production Tax Incentive and the Critical Minerals Tax Incentive form part of that plan. The Senate [...]
Why the ATO is targeting baby Boomer Wealth
Janima Baro2025-02-13T10:57:50+08:00Succession planning, and the tax risks associated with it, is our number one focus in 2025. In recent years we’ve observed an increase in reorganizations that appear to be connected [...]
Threshold for Tax-Free Retirement Super Increases
Janima Baro2025-02-13T10:57:08+08:00The amount of money that can be transferred to a tax-free retirement account will increase to $2m on 1 July 2025. The transfer balance cap - the amount that can [...]