Andrew J Pope & Associates

Andrew J Pope & Associates Accounting and taxation services

A.I. technology finally used to its full potential…
19/07/2026

A.I. technology finally used to its full potential…

08/05/2026

The Government will scale back the fringe benefits tax (FBT) exemption for electric vehicles, transitioning to a permanent 25 per cent FBT discount. The changes, will be rolled out in three phases:
• Until 31 March 2027: The existing full FBT exemption continues unchanged.
• 1 April 2027 to 1 April 2029: The full exemption applies only to EVs costing $75,000 or less. EVs priced above $75,000 but under the luxury car tax threshold will receive a 25 per cent discount on payable FBT.
• From 1 April 2029: All EVs below the luxury car tax threshold will receive a 25 per cent discount on payable FBT

The announcement follows a review of the Electric Car Discount, which recommended changes as costs rise. The review noted that for an EV valued around $50,000, an individual on salary sacrifice currently saves $3,200–$4,700 per year depending on their marginal tax rate, equating to $12,800–$18,800 over a typical four-year lease.

03/05/2026

Individuals can carry forward unused superannuation concessional cap amounts on a rolling five-year basis and so the 2020-21 unused amount is now in its final year of availability. Those with an unused concessional contribution cap amount from the 2020-21 financial year have until 30 June 2026 to use it before it expires.

To make catch-up concessional contributions in 2025-26 using carried-forward amounts, the person must have a total superannuation balance of less than $500k as at 30 June 2025, and have unused concessional cap amounts from any of the previous five financial years.

Any unused 2020-21 amount not used by 30 June 2026 will be lost.

17/04/2026

The ATO has released guidance to help employers prepare for the transition to Payday Super from 1 July 2026, highlighting the need to update payroll systems, check employee data and ensure processes can meet tighter timeframes. Under the new rules, super guarantee (SG) contributions must be paid on payday and received by funds within seven business days. Reporting will be aligned through Single Touch Payroll and based on a new “qualifying earnings” measure. The ATO also notes the closure of the Small Business Superannuation Clearing House from 1 July 2026.

Importantly, for the quarter ending 30 June 2026, employers must ensure SG contributions are paid by 28 July 2026 (or earlier). If this deadline is missed, an SG charge (SGC) statement must be lodged and paid, with no late payment offset available for this final quarter. Any contributions received on or after 29 July 2026 will be treated under the new Payday Super rules, even if intended for the June quarter.

From 1 July 2026, all pay runs will fall under the Payday Super regime, with SG calculated on qualifying earnings paid from that date, regardless of when the work was performed.

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