How to apply the correct rate? Fuel tax rates increased 1 February 2023. The easiest way to apply the correct rate is to use the Fuel Tax Credit Calculator on ATO Website every time you make a claim on your BAS. You can also use the Simplified Method if you claim less...
Latest Posts
How to avoid paying too much GST
Mar 3, 2025
How to avoid paying too much GST No business owner wants to pay more than they have to, and understanding how to manage your GST Liability obligations can reduce GST liability and help you avoid paying too much GST over the financial year. As the end of the financial...
ATO Tax Deduction Requirements
Nov 12, 2024
Is a Bank Statement enough to claim a Deduction? The short answer is no. Although 1 in 6 Australians think a bank statement alone is enough to claim a deduction, the ATO tax deduction requirements state otherwise. A bank or credit card statement on its own is...
Superannuation Changes
Sep 24, 2024
Payday Superannuation: Key Changes for Employers and Employees The Australian Government has introduced a significant reform in the 2023-2024 budget to change how superannuation guarantee (SG) contributions are managed. From 1 July 2026, employers must align the...

