ATO scrutiny of work vehicle FBT is rising as data matching drives audits

Kilgour confirms no minority discount in coordinated 100% business sales.

FBT season is a reminder for family businesses to review director benefits

As the 2025–26 FBT year ends on 31 March, employers should review key risk areas—including electric vehicle exemptions, work vehicle private use, contractor arrangements, and record-keeping requirements—to ensure compliance and avoid costly ATO penalties.

An SMSF offers greater control and flexibility over your retirement savings, allowing you to tailor investment and planning strategies to suit your long-term goals. However, this control comes with significant legal and compliance responsibilities, making it essential to carefully assess whether the structure is right for your circumstances.

The ATO’s Small Business Superannuation Clearing House will close to new users from 1 October 2025 and shut down completely by 1 July 2026. Small employers relying on this free service should start preparing now by exploring alternative super payment solutions.

Loan interest isn’t automatically tax-deductible—it depends on how the borrowed funds are used. If the money supports income-generating activities, the interest may be deductible, but if it relates to private expenses, it usually isn’t.