The Luxury Car Tax (LCT) is an Australian tax applied to vehicles exceeding specific value thresholds. As of the 2024–25 financial year, LCT is levied at 33% on the GST-inclusive value of a car exceeding $80,567, or $91,387 for fuel-efficient vehicles with a combined fuel consumption not exceeding seven litres per 100 kilometres. As a…
The start of a new year is the perfect time for businesses to reflect on their daily operations and identify areas for improvement. Small, consistent changes to how tasks are handled can significantly impact productivity, profitability, and employee satisfaction. Here are key areas to focus on when refining your day-to-day operations in 2025. 1. Streamline…
The halfway point of the financial year is an excellent time to take stock of your superannuation. With six months of income and contributions already in place, you have enough data to assess your progress and make any necessary adjustments before the end of the financial year. Here’s why a mid-year super check is important…
The beginning of a new year is an excellent time to revisit your financial obligations, particularly your taxes. January sets the tone for the rest of the year, so ensuring your tax responsibilities are in order early can help you avoid stress and penalties down the line. Here’s a checklist of tax-related tasks to focus…