January – February2022 – Practice Update

Electric vehicle FBT exemption legislation is now law Legislation to make certain electric vehicles exempt from Fringe Benefits Tax (‘FBT’) has now been enacted into law. Certain zero or low emissions vehicles provided as a car benefit on or after 1 July 2022, can be exempt from FBT. For this exemption to apply various criteria...

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How to deal with rising inflation

Between March 2021-22, inflation in Australia rose by 5.1%.   Meanwhile, wages only rose by 2.4%1. With the bare essentials becoming – well, expensive, it’s not surprising that many people are looking for new ways to save money or increase their income. The good news is there are steps you can take—and actions to avoid—that can...

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