Hot Issues
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FBT Reminder – Odometer Reading
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ATO’s debts on hold campaign prompts new IGTO guidance
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A comprehensive collection of small business benchmarks
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The 2025 Financial Year tax & super changes you need to know!
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Underperforming employees: When can you terminate?
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A comprehensive list of guides to industry specific tax deductions.
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‘Renewed concerns’ about economy sees consumer sentiment dip: Westpac
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Oldest Buildings in the World.
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Small businesses may ‘collapse under strain of payday super’, IPA warns
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ATO’s hands tied with scrapping on-hold debts, expert says
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What Drives Your Business Growth and Profits?
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Australian Taxation Office (ATO) shifting to firmer debt collection activity
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Why employee v contractor comes down to fine print
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Sharing economy reporting regime for platform operators
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Countries producing the most solar power by gigawatt hours
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Illegal access nets $637 million
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Accessing superannuation benefits.
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Does your business have a company Power of Attorney?
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Labor tweaks stage 3 tax cuts to make room for ‘middle Australia’
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GrantConnect
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2 in 3 SMEs benefit from instant asset write-off, survey reveals
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Updated guidance on R&D claims
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Do you know how to recover debts?
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Wheat Production by Country
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Types of small business benchmarks
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What is a Commercial Lease?
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ATO warns advisers against suspect R&D tax claims
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The year of workplace law upheaval
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How to Resolve Invoice Payment Disputes
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Raft of revenue tweaks in MYEFO to raise millions
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Vimeo test
Article archive
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Quarter 2 of, 2023 archive
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2023 Year End Tax Planning Guide
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Legal Considerations Around Recording Customers Who Enter My Business
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ATO acts against foreign worker exploitation
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Low productivity threatens inflation outlook, RBA warns
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Tax Time Checklists - Individuals; Company; Trust; Partnership; and Super Funds
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Top 50 Greatest Inventions in History
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Summary of Superannuation Issues and Recent Changes
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Key Considerations When Sharing Personal Information with Overseas Contractors
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Changes to parental and workplace sexual harassment laws
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Small businesses need hands-on help with cyber security
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Small business must race to beat instant asset write-off deadline
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Single Touch Payroll Reporting
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Holiday Home Tax
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Key points from the 2023-24 Federal Budget
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Overview of the Federal Budget 2023 – 24
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Protect your business from cyber threats
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ATO small business ideas or other business support
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Fuel Tax Claim Potential Errors in prior period BAS returns
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ATO warns businesses to check FBT claims as deadline nears
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FBT Reminder – Odometer Reading
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Early intervention 'critical' as insolvencies surge
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How Long Could You Survive Drinking Only .......
Fuel Tax Claim Potential Errors in prior period BAS returns

From 30 March 2022 to 28 September 2022, businesses that acquired fuel for use in heavy
vehicles for travelling on public roads couldn’t claim fuel tax credits.

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This is because the road user charge was more than the excise duty paid, which reduced the fuel tax credit rate
to nil.
Without realising this change, many businesses claimed the normal (old) fuel tax credit during this period in June 2022 Business Activity Statement (BAS).
To correct the overclaim, a correction can be made on the next quarterly BAS to decrease fuel tax credit amount, by including at label 7C (Fuel tax credit over claim).
If your GST turnover is less than $20m, this error must be corrected within 18 months.
 
 
 
 
 
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