As the festive season approaches, it’s important for employers to understand how FBT applies to staff celebrations, gifts and events. Many benefits — such as on-premises food and drink or minor benefits under $300 — may be exempt from FBT if certain conditions are met. Our guide outlines what’s taxable, what’s exempt, and how to plan year-end celebrations without unexpected tax costs.

ATO interest charges (GIC and SIC) are no longer tax-deductible, making unpaid tax debts more expensive. Businesses may still deduct interest on loans used to pay tax debts linked to business activities, but not for personal or investment income. Refinancing ATO debts could lower costs.

From 1 July 2025, the superannuation guarantee rate increased to 12%. Employers must ensure contributions are received in employee super funds by quarterly due dates to avoid penalties, while employees are encouraged to regularly check their super statements.

Buying or leasing a luxury car for business? Tax rules cap depreciation, GST credits, and may add Luxury Car Tax—so the real cost can be much higher. Get advice before you commit.

Proposed Division 296 super tax: If your total super balance exceeds $3 million, you may face an extra 15% tax on part of your earnings.

From 1 July 2025, ATO interest charges (GIC & SIC) will no longer be tax-deductible. Businesses and individuals should plan ahead to avoid unexpected non-deductible costs.