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Tax Planning Tips to Maximise Your 2025 Return

Tax Planning Tips to Maximise Your 2025 Return

As we approach the end of the financial year, it’s the perfect time to start planning for your 2025 tax return. At Advisory One, we work with clients to forecast their likely tax position and recommend strategies to minimise tax and strengthen cash flow. Here are some...

How to Complete a Motor Vehicle Logbook for Tax Time

How to Complete a Motor Vehicle Logbook for Tax Time

If you use your car for work or business, keeping an accurate logbook can help you claim motor vehicle expenses at tax time. The ATO allows two methods for claiming car expenses: the cents per kilometre method and the logbook method. If you’re aiming to maximise your...

RBA Holds Cash Rate Steady: What It Means for Your Finances

RBA Holds Cash Rate Steady: What It Means for Your Finances

The Reserve Bank of Australia (RBA) has announced its decision to keep the cash rate unchanged at 4.35%, marking a pause in its monetary policy adjustments. This move impacts mortgages, savings, and broader economic confidence. Let’s break down the implications and...

Federal Key Budget Initiatives

Federal Key Budget Initiatives

Most Australians are keenly aware of the economic pressures impacting their daily lives. The government’s latest budget initiatives aim to provide immediate relief while laying the groundwork for long-term stability. Here’s an overview of the key initiatives designed...

The Federal Budget 2025-2026

The Federal Budget 2025-2026

The Federal Budget for 2025-2026 was handed down by Treasurer Jim Chalmers at 7.30pm (AEST) on Tuesday 25th March 2025. The Budget measures include:  New tax cuts - more additional tax cuts to all Australian Taxpayers, with additional tax cuts in 2026-2027 Extending...

ATO Provides Additional Information Regarding Monthly GST Reporting

ATO Provides Additional Information Regarding Monthly GST Reporting

Just when you thought you had your GST reporting under control, the Australian Taxation Office (ATO) has announced a significant change that might affect you. Starting from 1 April, around 3,500 small businesses with a track record of non-payment, late submissions, or...

FBT 2025: What you need to know

FBT 2025: What you need to know

The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees. FBT exemption for electric cars Employers that provide employees with the use of eligible electric vehicles (EVs) can potentially qualify for an FBT...

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