Entries by Caleb Datson

Fuel tax credits – can my business claim them?

Fuel tax credits provide businesses with a credit for the tax included in the price of fuel used for certain activities. The tax credits are reported in an entities Business Activity Statements (BAS). Fuel tax credits apply to fuel used for: Machinery Plant Equipment Heavy vehicles (gross vehicle mass above 4.5 tonnes) Light vehicles travelling […]

Changes to income tax rate brackets – what will it save me?

In the 2018 Federal Budget, the Australian Government introduced the Personal Income Tax Plan, which is a three stage plan aimed at providing income tax cuts to taxpayers over the next seven years. Stage one introduced a temporary Low and Middle Income Tax Offset. As the name suggests, this was a tax benefit aimed at […]