Personal tax cuts

Personal tax cuts

From 1 July 2026, personal income tax rates will change.  On the last sitting day of Parliament, the personal income tax rate reduction announced in the 2025-26 Federal Budget was confirmed. The modest reduction of 1% applies to the $18,201-$45,000 tax bracket,...
Trade Wars and Tariffs

Trade Wars and Tariffs

Global 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 mean.  Who pays for tariffs? Tariffs increase the price of imported goods and reduce...
FBT 2025: What you Need to Know

FBT 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 cars   Employers that provide employees with the use of eligible electric vehicles (EVs) can potentially qualify for an...