Electric Vehicles, especially below a certain range, would be more affordable for businesses, due to a new change in law for FBT. The Treasury Laws Amendment (2022 Measures No 2) Bill has passed the Parliament and introduces electric car discounts as an FBT exemption. Key Points Car benefit will be an exempt benefit for a year of … Continue reading FBT Rule Changes for Electric Vehicles →

The ATO has issued new draft guidelines replacing the existing fixed rate method. Key Points · Replaces existing 52c fixed rate method · Applicable from 1st of July 2022 · In place for expiring COVID-19 short cut 80c method · New rate is 67c per hour · Includes all expenses like Electricity, Gas, home office … Continue reading Work from Home Running Expenses Deduction →