News

The Next Move Budget Edition – May 2026

In this issue

  • 2026-27 Federal Budget — A Night of Significant Change
  • The $1,000 Instant Tax Deduction
  • $250 Working Australians Tax Offset
  • Changes to the Fringe Benefits Tax Exemption for Electric Vehicles
  • Changes to the Capital Gains Tax Discount
  • What the CGT Changes Mean for Business Owners
  • Changes to the Taxation of Trust Distributions
  • Changes to Negative Gearing — What Property Investors Need to Know
  • Superannuation — Key Changes From 1 July 2026
  • Research and Development Tax Incentive — Changes From 2028
  • Good News for Companies — Loss Carry-Back and Start-Up Incentives
  • Instant Asset Write-Off — Now a Permanent Feature
  • Fuel Excise and Other Budget Updates
  • What Should You Do Now?

RVN Special Budget Edition

Read Latest Article

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.

Download our current newsletter with the following topics and more…

  • 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

 

Updated TaxMatters- May 2025

Read Article

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.

Read Article

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.

Read Article

Technical Agent Nomination Process Changes

About the agent nomination process

The ATO have introduced an agent nomination process which is a new requirement to help ensure only your authorised tax agent, BAS agent or payroll service provider can access your accounts and act on your behalf for your tax and super affairs.

This process only applies when you change an agent or change the authorisations you give your existing agent.

Read Article