Insights and articles.
Practical guidance on tax, accounting, and business strategy from the EEA Advisory team.
When the FBT Exemption for Electric Cars Ends in Australia
Australia's electric car Fringe Benefits Tax exemption is set to change over the next few years, offering significant savings until 2027. The current law provides a full exemption on eligible battery electric and hydrogen fuel cell vehicles until 31 March 2027. After this date, the benefit will gradually taper to a 25 per cent discount after 1 April 2029. Understanding this timetable is essential for businesses, salary packaging providers, and drivers to make informed financial decisions.
What Are the Small Business CGT Concessions in Australia (2026)
Selling a business can trigger capital gains tax but small business CGT concessions offer ways to reduce, defer or even remove that tax. This guide explains the concessions in plain English as they stand in 2026, outlining eligibility and how each rule helps protect the retirement nest egg. It covers the four main options available to business owners throughout their business life cycle. National tax rules ensure the same benefits apply from every state and territory in Australia.
Voluntary redundancy payments: the tax free base, ETP caps and what lands in assessable income
This guide explains the complex details of voluntary redundancy offers in Australia using plain language. It clarifies how tax rules differentiate between tax free and assessable amounts while outlining what qualifies as a genuine redundancy. The article explores the importance of employer documentation and the nuances of ATO checks when large sums are involved. By understanding these distinctions, you can better prepare for your financial future and make informed decisions about your redundancy payout.
Personal services income rules for Queensland contractors: the four tests and why the results test matters most
PSI rules can be confusing for Queensland contractors, but understanding the results test is key. This article explains PSI in plain English and highlights why the results test matters more than other tests. It details how to secure genuine business deductions and avoid unwanted extra tax on your income. Contractors across various industries can benefit from the practical strategies provided in this guide.
What actually triggers an ATO small business audit, and the record keeping that survives one
Australian small business owners face the risk of unexpected ATO reviews when discrepancies in financial records are noted. The ATO collects billions of data points from banks, government agencies and digital platforms to identify anomalies in your accounts. This guide explains how unusual profit margins and elevated expense ratios may trigger a review or full audit. By maintaining complete and accurate records, your business will be well prepared to address any queries and maintain tax compliance.
Director penalty notices: how a Queensland company director becomes personally liable for PAYG, GST and super
This post explains the significance of a Director Penalty Notice in Queensland and how unpaid company obligations can attach to a director personally. It outlines scenarios like missing PAYG instalments, GST, and superannuation liabilities. When a notice is issued, the ATO starts a strict twenty one day countdown before enforcing collection powers against directors. Learn how understanding this tool and acting within the short window can help protect personal assets and credit standing.
TPAR due 28 August: which Queensland businesses must lodge and the penalties for missing it
The TPAR due on 28 August is a critical compliance date for Queensland businesses that pay contractors. This guide explains who is required to lodge and outlines the penalties that the ATO may impose for late submissions. It provides clear steps to get back on track if your report is overdue while keeping both your contractors and the tax office satisfied. Read on to ensure accuracy and avoid costly fines.
Minimising capital gains tax inside an SMSF before and after a member starts a pension
Selling an SMSF asset brings a critical tax decision for trustees. Understanding whether the fund is in accumulation or pension phase is essential to optimise capital gains tax outcomes. This article demonstrates how switching to a retirement income stream can lower tax rates, sometimes to zero. It also emphasises the importance of accurate record keeping to maximise benefits while staying compliant with the ATO. With detailed steps and practical tips, trustees can secure more of their earnings effectively.
Queensland payroll tax on contractor payments: when your subcontractors push you over the threshold
Queensland businesses often rely on subcontractors for specialised skills, but payments to these workers can unexpectedly count as taxable wages. This may push wage bills beyond the 1.3 million dollar threshold, forcing companies to register and remit payroll tax. The guide explains when subcontractor payments count, how exemptions work, and offers practical steps to avoid costly penalties. It also highlights risks for grouped entities and provides clear advice for staying compliant.
Division 7A director loans in 2026: benchmark interest rate, minimum repayments and what triggers a deemed dividend
Division 7A ensures director loans are managed on strict commercial terms. The guide explains the ATO benchmark interest rate and repayment formula required for compliance. It shows how failing to document or repay the loan can result in a taxable dividend. The article also covers upcoming changes for the 2026–27 income year to help you manage Division 7A risk before financial year-end. Protect your business and personal finances with these essential tips.
SMSF death benefit nominations: binding, non-binding and reversionary options for members
Super does not follow the ordinary pathway of your will and the fund deed takes precedence in an SMSF. This article explains how Trustees must pay out death benefits by following superannuation law and any nomination you have made. It unpacks the differences between binding and non binding nominations as well as reversionary pensions. Understanding these options helps ensure a smooth and tax effective transfer of benefits while avoiding common pitfalls.
How the ATO reviews your SMSF asset allocation and diversification in 2026
In 2026 the ATO reviews SMSF asset allocation by comparing the written investment strategy, actual asset mix and members' personal circumstances. Trustees must provide clear documentation with realistic investment ranges to avoid regulatory penalties. A poorly defined strategy can trigger closer scrutiny from both the regulator and auditors. Maintaining a tailored and regularly updated strategy is essential for staying compliant and safeguarding your super fund's future.