The Next Move – June 2026
In this issue
- Act Before 30 June: Your Trust Distribution Deadline
- Payday Super Starts 1 July — Is Your Payroll Ready?
- How the Budget’s New Trust Tax Affects Your Will
- Don’t Let the Tax Tail Wag the Investment Dog
Superannuation strategies and your personal guide to wealth creation
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- EOFY Planning: Don’t Forget Your Minimum
Pension Drawdown - Avoid a Costly Mistake: Make Sure Your
Super Contributions Are Timed Right - Is the Cheapest Life Insurance The Best Policy?
- What Do Two Back-to-Back Interest Rate Drops Mean for
Your Mortgage? - Understanding the Impact of Trump’s Tariffs
Make sure you are getting the right advice this tax time.
With the end of the financial year fast approaching, many people start looking for quick answers about deductions, income reporting, and how to get the best result on their tax return.
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- Work-From-Home Fixed Rate Method Increase For 2024-2025 Year
- Purchasing A Commercial Vehicle In A Company
- The Instant Asset Write-Off Extended Once Again
End of Financial Year Tax Tips
With the 30th June fast approaching it is time to review your tax planning strategies for 2024. Here are a few general tips to consider.
Fringe Benefits Tax and Employee Use of Motor Vehicles
Now that the Fringe Benefits Tax (FBT) year has just ended, it is important to make sure that issues regarding benefits provided to employees and associates are considered.
Short cut for claiming home charging costs for Electric Motor Vehicles
The ATO has finalised a practical compliance guideline to address the compliance challenges faced by taxpayers in relation to separately identifying home charging costs for electric vehicles (EVs) from the total electricity consumption of a household.
It sets out a method that calculates the cost of electricity when an EV is charged at an employee’s or an individual’s home. Taxpayers may choose to apply a rate of 4.20 cents per kilometre travelled in an FBT or income year.
Proposed changes to individual tax rates
The federal government has announced an overhaul of the previous Coalition government stage 3 tax cuts and introduced various changes in the personal tax rates that apply from 2024–25 income year and onwards.
Changing the original course of action, as announced by the previous Coalition Government, the new tax changes aim to focus on the low and middle income earners to help with the cost-of-living pressures.